How much cash do I need at closing? Thinking of buying a new home? It is deﬁnitely important to prepare for the future and know your options. It’s prudent to start preparing early so you ﬁnd yourself ready and comfortable when the time is right. The first step should always involve talking to your mortgage planner. This is to know the facts. As there are a lot of myths and misinformation out there that could steer you wrong.
How much cash do I need at closing?
When buying a home, one of the important areas to focus on is the amount of cash needed to close. The dollar amount due at closing can vary greatly depending on what loan programs you qualify for. There are so many options available from 100% financing, Down Payment Assistance through NCHFA, USDA loans, No PMI and Lender Paid PMI. So, it can be an overwhelming experience trying to figure that out yourself. And you will still wonder “How much cash do I need at closing?” This is why we take the time to speak with a Fairway Mortgage Planner and walk through our Pre-Approval process. We are here to walk you through the entire process and determine what programs you qualify for. Then, back into the numbers to ensure the check you are bringing to closing is comfortable and ready.
Our goal is to make this seamless and stress-free.
How much do you need to save?
For a Fast Pre-Approval, click here.
Don’t worry about the question “How much cash do I need at closing?”. We will sit you down and walk you through everything. Also, the process becomes much easier with a guiding hand to help you. One of our professional Mortgage Planners is always available to answer questions and ensure you are comfortable with the numbers.