Are you a first time home buyer saving up for a house?
Do you have a minimum credit score of 620?
Will the house be your primary residence?
If you just answered yes to the above questions you may be a lot closer to buying a house than you think…
Rhode Island has a great first time home buyer program.
Here is an ESTIMATE of how much money you will need to buy a $280,000 house...
Purchase a house for $280,000
Down Payment 3.5% - 9,800
Closing costs - 7,000
Inspection - 500
Appraisal - 500
Total - 17,800
Rhode Island Down Payment Program gives you 12,000 to go toward your costs…
17,800 - 12,000 = 5,800.
Therefore, an estimated amount needed to purchase is $5,800.00
Contact me, and I will get you connected with a local lender to see if you qualify.