Closing on a home for less than it costs to go out to eat

If you’ve been through the loan process in the past or seen the occasional online ad for mortgages, you’re probably aware that there are 100% financing programs available for people with limited down payment funds. But even with a VA or Rural Development loan at 100%, you may still have to come up with thousands of dollars at closing to pay for appraisal, title fees, title insurance, escrows, etc. So if you don’t have say $3,500 (or so) for closing costs, can you still buy a home? Here’s a little story... One of our recent borrowers applied for and was [...]

By | 2017-12-19T00:45:39+00:00 November 14th, 2017|VA|Comments Off on Closing on a home for less than it costs to go out to eat