I have just been approved for a First Time Homebuyers Purchase Loan for the amount of $125,000. in Southern New Jersey (this may not seem to be much but, I do not earn a great deal, and am single, with no real responsibilities). I am looking to purchase a 2-3 bedroom, 1+ bathroom Townhouse, with a family room.
Anyhow, I have 100% financing, and am planning to ask for a Seller's Concession for pay for Closing Costs.
What are some expected out-of-pocket fees that I may have to pay at settlement. And, if there are any, what is a TOTAL sum of an Estimated amount that I should have on hand for these expenses.
I am hoping that the amount of money I am required to pay will not be a great deal, and I will be able to pay them from my Paycheck. In addition, I do have at least $2800. set aside.
Thanks.
2007-01-19
13:24:16
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15 answers
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asked by
ToniSB
4
in
Renting & Real Estate