HomeLight

AUGUST 9, 2022

We’ll get into loan specifics later, but to give you some actual numbers to make sense of everything for the moment, consider this: While 20% has long been touted as the so-called ideal amount , it takes significant savings to afford putting this much down payment on a home — and it’s certainly not the norm for first-time buyers.

Earnest money deposit 94

Earnest money deposit VA loan Purchase and sale agreement FHA loan 94

HomeLight

SEPTEMBER 1, 2022

Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Different loan programs will require different down payment amounts, but you do not always need to put 20% down when buying a home. There are two types of conventional loans — conforming and non-conforming.

Earnest money deposit 77

Earnest money deposit FHA loan Purchase and sale agreement Title 77

HomeLight

JANUARY 6, 2021

What is a home inspection? When you make an offer on a home, your agent will probably advise you to include an inspection contingency. Specialized inspections will add to the overall cost. Even a new construction home could have issues if the contractor cuts corners. Do you have to get an inspection?

Inspection 68

Inspection Inspection contingency VA loan New Construction 68