|
Posted by: Carol on 2009-09-03, 09:14:27
Well, when you sell your current home, won't you get a profit from that? This is how most move-up buyers get the money for the downpayment on the new home. For FHA, you only need a 3.5% down payment. Often, you can get the seller to pay some closing costs. Or by "deposit ", are you talking about the good faith deposit you give the seller when you want to sign a contract? If that's what you mean, then you may need to borrow some money now. Can you get an advance with credit cards? We are still in a buyer's market. Be sure you work with an agent who can get the seller to agree to accept a smaller deposit. If you are otherwise qualified with good credit and income, it should be doable. Good luck. Have a great Holiday.. |
