FREQUENTLY ASKED QUESTIONS

Q: What should my credit score be in order to get approved for a home loan?

A: Actually you only need a credit score of 580 in order to be approved, however down payments may vary depending on your credit score. The higher the credit score, more options are available.  These facts are subject to change. Contact me when you are ready and I will help verify these items for each individual case.

 

Q: What is earnest money?

A: It is a deposit made to the seller that represents good faith to purchase their property. A reasonable amount is usually around $500.00.

 

Q: How much is a home inspection?

 

A: It depends on the size of the property and the depth of the home inspector. However you should expect to spent at least $350.00.