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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

Non-conforming loans are for borrowers who do not fit into the guidelines set by Fannie and Freddie and are not eligible to be purchased by them — jumbo loans are an example of this because they offer loan amounts above the limits set by Fannie and Freddie. Earnest money deposit amount. down payment.

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Your Ultimate Guide to Buying a Home in Texas in 14 Steps

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Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. Some conventional loans allow for first-time buyers to put as little as 3% down , subject to qualification requirements. Earnest money deposit amount. Send your earnest money deposit.

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Beaches, Mountains, Sunshine? Yes, Please. Here’s How to Buy a California Home

HomeLight

To get started on evaluating your financial situation, take a look at your credit score and determine where you land on the scale between poor and excellent. An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. Send your earnest money deposit.

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23 Hidden Costs of Buying a Home

HomeLight

When you buy a home, you might be expecting certain costs, such as the down payment and earnest money deposit — but there could also be hidden costs that first-time homebuyers especially may not anticipate. and 1% of the purchase price , according to the American Land Title Association. Property taxes.

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