How much money do I need to buy a home?

A common misconception is that nowadays you have to have a briefcase full of money down or there are no loans available to you; this is certainly not the case.  With qualifying credit scores and other criteria there are conventional loans that offer as low as 3% down and FHA loans that offer only 3.5% down.  It can be easy to look at a homes sales price and simply multiply that by 3% or 3.5%, but there are some big differences between the two loan programs. For that reason I suggest getting pre-qualified before you go home shopping.  That way you have an accurate idea of what it will actually take in dollars to get you into a particular home.  Together we can figure out what is the best possible option for you, not only short term, but long term as well. Feel free to contact me and we can have some solid numbers in no time.


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