Cash to close varies with each home price and each transaction. To best prep for the cost of buying, save around 6-8% of the total house price you are searching for.
There are down payment assistance programs available for buyers with a credit score of 640+.
During your buyer's consult, feel free to discuss all financial questions and options.
We would estimate around 75% of our buyers have on going student loan debt. Most careers required secondary education, and lenders understand that. Lenders will account student loan debt as 1% of the amount owed, unless there is a payment plan in place. In that case, debt to income ratio comes into play.
If you're thinking about selling your home, let's set up a time to see what your home value is!
Right now, we are currently in a seller's market. Now is a great time, and extremely beneficial when it comes to receiving the highest amount for your home.
Schedule a selling consultation. We will great a full report to discuss all things included with selling your home for the highest value!
HOA- or Home Owner Association, is an agency created and paid to manage the community with certain guidelines mentioned in the community covenants.
HOA fees are paid monthly/quarterly/yearly. Although having an HOA may seem to be costly, these management companies usually cover a few home fees for owners.
The market is HOT HOT!
With the market being extremely low on inventory, buyers are recommended to be more flexible when it comes to purchasing time. Due to low inventory, you may want to start early -such as 6 months in advance, or latest, 3 months before desired move.
When financing a home purchase with 2 or more buyers, each buyer has to meet the same qualifications with credit and financing.
If your are looking for both ownership within the property, feel free to discuss deed recording
options during your consultation call.
Rather you are in the market for your first home, an investment property, or your new life time home, Dream Closings Realty, LLC takes pride in providing an amazing, and luxurious experience for each and every client!
Real Estate purchases are one of the largest, and most valuable investment made in life- We absolutely recommend having representation throughout your purchase! For buyers, our services come at no charge.
Here is how to measure home buying readiness!
I. Credit requirement, 620+ FICO score.
Downpayment assistance program.
II. 1 Year or more with CURRENT employer.
Tax Returns complete for last 2 years to verify income.
III. 1 Month of Pay stub income verification. This confirms current employment as well as income.
Self-employed buyers, We have programs for you as well.
If you have filed business/personal taxes, you can apply as usual with the above criteria.
You will need to file taxes, claim significant income to qualify, and also provide Profit & loss sheets.
Bank Statement Program: This program is financed through private investors. Only available while funds last.
Requirements: 660+ FICO credit score
2+ years of active LLC registration.
12 months of business/ personal bank statements reflecting deposits.
Proof of 10-20% of home shopping amount proof of funds.
Thank you for reviewing the financing information. To begin the process of home shopping, schedule a time to speak more in detail of your needs.
We understand that, as a buyer, the biggest question that typically matters the most is, "How much does it cost to close?"
We've did it a little different and provided a recent look of an example closing disclosure. By viewing this document, and seeing the break down before hand, we hope that this provides a better insight that home ownership is very obtainable! - Keep in mind, interest rate changes by day, and based on your personal credit score. Interest rates influence your mortgage options.
Q: Property Taxes / Home Owners Insurance charges.
A: When purchasing a home, lending institutes REQUIRE upfront hold of escrow payments that go towards these two areas. 6 months, and 2 months, are both advance charges to escrow.