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Towards Does Down Payment Money Earnest Count – Tehachapiarts – – Your 00 earnest money goes toward your TOTAL down payment. So, for example, let’s say you have a $100,000 purchase price and your using FHA financing, which is a minimum 3.5% down payment. You put a 00 earnest money deposit on the offer with a 3.5% ($3500 total) down payment.
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Why Rates are Up for Online Savings Accounts – This is especially true if you have a fairly large chunk of change, like a growing down payment fund or emergency. at an ATM or in person (which you cannot do with an online-only bank) may not.
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Towards Does Down Payment Money Earnest Count – tehachapiarts.com – – Your $1000 earnest money goes toward your TOTAL down payment. So, for example, let’s say you have a $100,000 purchase price and your using FHA financing, which is a minimum 3.5% down payment. You put a 00 earnest money deposit on the offer with a 3.5% ($3500 total) down payment.
FHA determines the minimum down payment requirement of 3.5 percent but does not necessarily determine. costs associated with buying a home, including earnest money funds, as it is ultimately put to.
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