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YOUR DEPOSIT & DOWN PAYMENT

A deposit shows the seller you’re serious

about buying a home. Deposits are

typically 2% of the purchase price and

will be applied towards the down payment

if your offer is accepted (you will need to provide

documentation for your earnest money deposit).

Required down payments start at 3%. A larger down

payment demonstrates your commitment to long-term

homeownership and provides you with immediate

equity in a new home.

SETTLEMENT COSTS

These costs include all fees required

to execute the sale, including title

insurance, appraisals, taxes/insurance,

points, etc. Closing costs are 3% - 5%

of the purchase price, on average.

  
 
 
 
 
 
 
 

     

    

       

       

 

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