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How Much Do You Need to Buy a $600,000 Home?
5 months ago
12
Finance & Crypto
Education
mortgage expert
loan officers
mortgage pro
home loan specialist
home loans made simple
First time homebuyer tips
FHA loan
Single family
fha loans
How much money do you need to buy a $600,000 home?
Surprisingly it isn't as much as you think
You see there are different programs that you can put as little as 3-5% down.
If you are a first time home buyer and going to get a conventional loan you just need to put 3% down and on a 600000 dollars home you need just 18,000 dollars
Of course you’ll need closing costs on top of it but in this real estate market a lot of sellers are willing to help buyers with closing costs, so your out of pocket cost would be only 18000 dollars.
Let me know in the comments where you would want to buy a $600k home
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