4.00%. X. The remaining down payment … 1st House Network Also remember to consider other home costs like insurance, taxes, PMI, and general maintenance costs. However, there is a one-time funding fee of up to 3.6%, depending on a variety of factors. ) Find Used Cars for $500 Dollars Down. _W = _W || {}; _W.securePrefix='www.1sthousenetwork.com'; _W = _W || {}; Borrowers who use CHIP can receive loan amounts up to $417,000. _W.isCheckoutReskin = false; .blog-header h2 a {} No down payment is usually required at all and there are no monthly premiums. If you put down 10% ($20,000 on the average home) or 5% ($10,000 on the average home), then you will be able to become a homeowner faster, since you won’t have to save as much cash. 3.75%. #wsite-content div.paragraph, #wsite-content p, #wsite-content .product-block .product-title, #wsite-content .product-description, #wsite-content .wsite-form-field label, #wsite-content .wsite-form-field label, .blog-sidebar div.paragraph, .blog-sidebar p, .blog-sidebar .wsite-form-field label, .blog-sidebar .wsite-form-field label {} .wsite-footer blockquote {} .wsite-image div, .wsite-caption {} Here’s how to estimate each: Down Payment: Up 20 percent of your house budget, but most first-time buyers put down less than 10 percent; Basic home inspection: $300-$500; Home … .fancybox-title {} .wsite-menu a {} //-->, Prince Georges County Residents Receive Down Payment Assistance, first time home buyer down payment assistance, Because the median income for the DC metro area went up document.documentElement.initCustomerAccountsModels++ .wsite-headline,.wsite-header-section .wsite-content-title {} #wsite-content div.paragraph, #wsite-content p, #wsite-content .product-block .product-title, #wsite-content .product-description, #wsite-content .wsite-form-field label, #wsite-content .wsite-form-field label, .blog-sidebar div.paragraph, .blog-sidebar p, .blog-sidebar .wsite-form-field label, .blog-sidebar .wsite-form-field label {} For a home price of $250,000 your down payment can range from: 3.5% Down Payment ( FHA) $8,750 (3.5%) Mortgage Amount: $241,250. Also think about paying off your mortgage early, if possible, or paying down the principal at an accelerated rate. Please update it to a better credit score. initPublishedFlyoutMenus( function initFlyouts(){ Subtract your down payment to find the loan amount. How much does it cost? } _W.setup_model_rpc({"rpc_namespace":"_W.CustomerAccounts.RPC","model_namespace":"_W.CustomerAccounts.BackboneModelData","collection_namespace":"_W.CustomerAccounts.BackboneCollectionData","bootstrap_namespace":"_W.CustomerAccounts.BackboneBootstrap","models":{"CustomerAccounts":{"_class":"CustomerAccounts.Model.CustomerAccounts","defaults":null,"validation":null,"types":null,"idAttribute":null,"keydefs":null}},"collections":{"CustomerAccounts":{"_class":"CustomerAccounts.Collection.CustomerAccounts"}},"bootstrap":[]}); com_currentSite = "588794009659481834"; The $500 down program is based on a 30-year fixed rate mortgage loan with a low interest rate. .wsite-product .wsite-product-price a {} .wsite-headline-paragraph,.wsite-header-section .paragraph {} _W.themePlugins = []; _W.recaptchaUrl = "https://www.google.com/recaptcha/api.js";