For most buyers, a 20% down payment seems out of reach. In this week's blog post we break down what a smaller down payment conventional purchase looks like, and also when you need that money. But here is a great cheat sheet of bullet points:
Initial deposit- Due at signing (or relatively soon thereafter) which is customarily $1000.
Remainder - Due at closing (or broken into two smaller deposits, one at closing, one midway through transaction)
Misc-$1000 (Inspections and such)
If you have any questions, or if you or anyone you know are thinking of buying or selling real estate, let's connect! Chris@UpgradeYourShell.com