RESOURCES
LOCATION
105 Seminole Avenue, Suite F
Titusville, FL 32780
How much cash do I need for a down payment to purchase a home?
A down payment is the amount of cash you put towards the sale price of the home you are purchasing. It reduces the amount of money you will need to borrow.
Your lender will require you to have a down payment, depending on the type of loan you qualify for.
Types of loans and % down payments required:
🏦FHA: 3.5 % down
🏦Conventional: 3% – 20% down
🏦 VA: 0% down
To figure out your down payment, just multiply the price of the home you want to buy by the % listed above.
*When you put down 20% or more on a conventional loan, you eliminate PMI or Private Mortgage Insurance! It’s typically $100/month for every $100k you borrow.
Home Appraisals: Home Appraisers Near Me
Home appraisals are one of the many important steps in selling, buying or refinancing property. They provide important financial information to potential buyers before making the investment of a lifetime. In reality, appraisals are helpful to every party involved: the...
Best Real Estate Agent in Brevard County: How to Choose a Real Estate Agent
If you’re searching for the perfect professional to help you with your home buying or selling adventures, you’ve come to the right place. For those who are unfamiliar with how to choose a good real estate agent, it can be a daunting task to find the right fit –...
From New York to Florida
In the past year, a record number of people traded the concrete streets of New York for the sandy beaches of Florida. Between 2020 and 2021, 33,000 New Yorkers left the Big Apple for warmer climates – Florida being one of the first choices among other sunny states. In...
What is a Listing Agent?
Selling or purchasing a home can be a complicated process – full of important real estate jargon that’s unfamiliar to the general public. Whether you’re buying or selling, you’ll be bombarded with legal and industry terms most of us don’t regularly use and require...
Learn All About Living in Merritt Island!
Florida is bustling with adventure, wildlife, fun and sun-drenched beaches of soft sand and blue skies. It’s no wonder within the last year, the state has seen such an enormous influx of families and individuals wanting to relocate to the Sunshine State. With the...
Want to apply for a mortgage
Here are some helpful “Do’s and Don’ts” when applying for a mortgage…■ Keep originals or be able to access on your employer/ bank sites all pay-stubs, bank statements and other important financial documents. ■ Provide your Earnest Money Deposit from your own personal...