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I am planning to apply for an FHA loan and have 3.5% for a down payment, do I pay closing costs also

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May 17 - Modesto

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Bananas123
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Bananas123

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What if this house is in preforclosure or just became bank owned? What does it mean to ask for a specific amount if REO?

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May 31

Steve Hyman, "RealtorSteveHyman"
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Steve Hyman, "RealtorSteveHyman"

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First I suggest you ask your loan officer how much closing cost you will need. Typically it is three to four percent of your purchase price. Once you know ask your Agent to find out if there are any offers on the home you have selected. If not, you are in a better position to ask the seller to pay you closing cost. If the home you want is bank owned (REO) ask for a specific dollar amount, if owner occupant is seller, ask for the 3 to 4 percent of the purchase price. If there are other offers, you would have a more attractive offer by paying the closing cost yourself.

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May 18

Kimberlee Quarles, "Kimberleesellshomes"
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Kimberlee Quarles, "Kimberleesellshomes"

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Closing costs can be part of the negotiations. You may be able to get the seller to pay for some if not all. I will depend on the seller, your offer, competing offers and many other factors. Your agent should be able to help you.

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May 18

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I am planning to apply for an FHA loan and have 3.5% for a down payment, do I pay closing costs also

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Question I am interested in this prorperty 1813 Elder. Modesto,Ca, how can I find out when is it going to be

Question for first time buyers, that have either no credit/ or bad credit, where would they or I get a loan

Question I found home sales history on this site, Why can't I find it now?

Question How much tax credit I will receive for a house that worth 50k. Is there a minimun ?

Question what do i need to buy a 2 property,

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