How much do i need to buy a house?

Question

in NC

Answer 1

That depends on many variables, price, credit, income, I need more info.

Answer 2

All the purchase price in cash or a mortgage for any amount of the difference.

Get approved first and you will know what price you will be approved for with your down payment.

Answer 3

the bigger the down payment, the lower your monthly bill is going to be. typically, a person should put 10% down.

Answer 4

Depends on the size of the house, location, etc.  I suggest getting one of the local real estate magazines (usually free) and check out prices.  then figure on about 5% down and another 3% for closing costs.  Figure you can afford a mortgage that tops out at about 200 - 250% of your annual income, although with good credit and a good future, you may be able to stretch that a bit.

Answer 5

How much does the house cost? (Min 3% for FHA/ 20% for conventional loan) would be my guess?  Plus closing costs

Answer 6

4 HUNDRED MILLION BILLION TRILLION THOUSAND ISLAND........   WHAT A SILLY QUESTION........  DEPENDS ON HOW MUCH YOU WANT TO SPEND.......   ha haha