HomeLight

NOVEMBER 1, 2021

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.

Closing costs 73

Closing costs Closing Purchase and sale agreement VA loan 73

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Sometimes you’ll even find grants to help you with closing costs and down payments. You can qualify for loans with as little as 3.5% Sound great? Sure it does!

Loans 101

Loans VA loan FHA loan Purchase and sale agreement 101

The Close

DECEMBER 29, 2022

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. How else would you and your clients understand how much is being paid in principal and interest over the years? Closing costs.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

JUNE 30, 2022

Be sure to also compare closing costs such as application fees, appraisal fees , and origination fees. Also during this stage, your lender will pull your credit report after getting your consent. You will receive a Loan Estimate within three business days of applying for a loan. Don’t forget about closing costs.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 81