Most home buyers expect to pay a down payment in order to purchase the home and obtain a mortgage. Along with a down payment, financing a home also requires the buyer to pay closing costs in order to obtain the loan.
The good news for home buyers is that sellers will often contribute towards paying a buyers closing costs. Lenders will often allow a seller to contribute 3-6% towards the buyers closing costs.
When you make an offer on a home and you desire the seller to help with your closing cost, make sure you ask for the seller's contribution in detail on the purchase contract.
To find out how you can get the seller to help you with your costs, contact me for a free consultation.
Related Florida real estate views:
Buyers are choosing fixed rate mortgages
I would not buy a house in Florida.
Obtain an FHA home loan when buying your next home
- Greg Staker - Watson Realty Corp. - 407-304-0255
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