Posted on: 03rd Jun, 2009 08:10 am
We are thinking about purchasing our first home. It is only $30k (foreclosure) our down payment is very small and our closing costs are running about $4k. Are you able to get a small loan to cover your closing costs? I have been looking at other houses closing costs and houses that are selling for 150k-250k there closing costs are around 4k. This house is only 30k, is 4k to high for closing. Please help.
Nellbeckie
That probably resonable cost. 4K is is nto much. It is not the amoutn you finance which determines your closign cost, it is the effort of the lender to process the loan and other related expences.
It takes same amount of tiem to cut a check for $150,000 or $30,000/-
Realgeni
-Good credit is easy to achieve, as long as you use it responsibly.
That probably resonable cost. 4K is is nto much. It is not the amoutn you finance which determines your closign cost, it is the effort of the lender to process the loan and other related expences.
It takes same amount of tiem to cut a check for $150,000 or $30,000/-
Realgeni
-Good credit is easy to achieve, as long as you use it responsibly.
Are you able to get a loan for the closing costs?
Nellebeckie,
If you are first time home buyer or you have owned a house int eh alst three years, you cna take advantge of the $8000/- tax credit and HUD has come up with new guidlines on using this tax credit towards down payment or closign cost.
Please check the website for HUD.
God luck and feel free to ask.
Realgeni
If you are first time home buyer or you have owned a house int eh alst three years, you cna take advantge of the $8000/- tax credit and HUD has come up with new guidlines on using this tax credit towards down payment or closign cost.
Please check the website for HUD.
God luck and feel free to ask.
Realgeni