Profile picture for user32793848

So we have to pay the 8,000 up front or can we get a loan for that too?

I just need a little help understanding how everything works. My husband and I are first time buyers and could really use some help.

Thank You for your help,
Jessica Cuevas

  • June 21 2013 - Picayune
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Answers (2)

Profile picture for Brent Allison
A Realtor will guide you through the entire process and help you find you a lender who can make the process easier and clear.
  • September 01 2013
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Profile picture for wetdawgs
Welcome to the adventure of home purchase.  It is an exciting time, a bit scary and as it is likely to be the biggest purchase of your life (so far), you are doing the right thing studying up at the library, on the internet and asking questions.

Zillow has a buyer's roadmap section (bookmark it) that has a number of articles of the various steps.

But, in regards to your title question, no you can't borrow the down payment.   The first step in home buying is to have your finances in order and that includes saving up enough for down payment, closing costs and an emergency fund.   You may be able to get a gift for the down payment, but most of us don't have generous rich bachelor uncles who'll give us a gift of that amount.

Buying is not an emergency and getting to the actual event is the result of a long series of actions to get great credit and a substantial down payment.  

Good luck!



  • June 21 2013
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