I WANT TO BUY A HOUSE WANT TO KNOW SOME INFORMATION?

Question

Hi . I am a first time buyer. I live in georgia. I wanted to know what is the minimum money you have to have in the bank to get qualified for a house .? A hous worth maybe 140,000 or below

Answer 1

It all depends on the Mortgage / Lending Company ....

For the most part ; they will want 10% -20% down ....

It is not really how much you have in the bank ; BUT how well you pay your creditors that determines how much down and the interest rate ect ...

Answer 2

first you need to visit with a lender.  credit scores are very important right now.  fha loans need at least a 580 score to do anything.  a local lender will be able to tell you what you need to do if anything to get started on a home purchase

Answer 3

depends on your credit score