What are Acceptable Sources of Down Payment?
There are three acceptable sources of down payment! Liquid assets such as savings, funds from retirement accounts and gifts from immediate relatives.
You will need money for an appraisal, water and sewer inspections if you served by city water and sewer. You will also need a foundation inspection if you are buying a manufactured home. Your first years taxes and homeowners insurance, known as escrow, you must purchase you home too.
We have 0% Down and 1.5% Down Payment programs for qualifying buyers that can help greatly reduce the cash needed to purchase a home. Give us a call at 614-486-5626 for details!