Buying my first home

[Juan Carlos Gutierrez]

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?