How Much Money Do I Really Need

Dated: September 6 2016

Views: 764

There are several different types of loans in order to buy a house.  And right here in the Harlingen, Texas area the most popular is an FHA insured loan.  When using an FHA insured loan you will be required to put in 3.5%  of the sales price of your own money to buy the house.  You can also receive a "gift" from a friend or relative.

There is also buyer closing cost in buying a house as well.  And generally speaking that is an additional 5% or 6% on top of the down payment.

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