First Time Home Buyer: Any Advise?

Discussion in 'Off-Topic' started by El Camino Man, Mar 12, 2012.

  1. OP
    El Camino Man

    El Camino Man Thank The Lord For BBFs!

    Ok. Im planned on buying new so I shouldnt have to worry about looking for bad spots.

    I talked to the bank a while back before I even looked at any house and they said they do 30% down :eek: On a $50,000 house, thats 15 grand! Who has that kind of money just layin around?! But they said they could give me a better deal and do 20% :rolleyes: which is still $10 grand.... New bank? I think so...
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  3. djfllmn

    djfllmn ^^^ I am Mr. Clean!

    thats any bank usually need about 20-30% to put down on a up lol
  4. now if you go to you can get in a home for as little as 3% down
    these are not mobile homes. might want to check that out too, but again you need to secure financing first,get pre qualified
    Last edited by a moderator: Mar 13, 2012
  5. hazardousranger

    hazardousranger New Member

    my advice is spell advice right before you buy a home :)
  6. OP
    El Camino Man

    El Camino Man Thank The Lord For BBFs!

    I advise you to spell advice right! Lol. Im usuli purdy gewd wit spealin stuf rite!
  7. Franchi Motorsports

    Franchi Motorsports Ranger Forum Vendor

    3% to 5% is typical of normal downpayment required on a house. Dunno if it's different for mobile homes. Also check Credit Unions, they have different bylaws then normal banks as well.

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