Is the earnest money in addition to the down payment? NO – the earnest money is subtracted from the down payment at closing. Call me to find your dream home.
Do I need 20% down? For a primary residence, you only need 3.5% down for an FHA loan, 5% down for a conventional loan, and $1,000 down for a CHFA loan. Some conventional loans only require 3% down. VA loans don’t require any money down. Call me to start your dream home search.
Sold in Conifer on Friday! Another seller with money to spend! Have fun with your proceeds Joe.