Updated almost 8 years ago on . Most recent reply
Buying my first home
Hello everyone
IM TRYING TO BUY MY FIRST HOME.
I WILL PROBABLY USE A FHA BECAUSE
I got $4000 in my savings.
THE LENDERS NORMALY WANT YOU TO HAVE 3.5% OF THE LOAN TO BUY A HOUSE IN YOUR SAVINGS CORRECT?
Do I actually need to have this money in the bank because i will use it or you don’t really need it?