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Adrienne C Wilson
(970) 317-4255adrienne@winterwoodrealestate.com
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Real Estate FAQs

Real Estate FAQs

Published 02/23/2024 | Posted by Adrienne C Wilson

Home Buying Costs to Prepare For

FAQ: How much money do I need to have saved for the home-buying process?
A: Some of the expenses you’ll want to prepare for when house hunting go beyond the down
payment (but the good news is, you don't need 20% down to qualify for a mortgage)! Here are a
few things you’ll want to keep in mind when budgeting for the home-buying process.
Home Inspection ($400-500)
Earnest Money (1-3% of the purchase price)
Appraisal (Around $500)
Down Payment (Depending on the loan type you qualify for, this can vary but can be as low as 3% - check with a mortgage professional for exact numbers and percentages)!
Closing Costs (Some of the items I mentioned above are part of your closing costs but the total closing costs may vary and can be determined by your lender.)

Taxes & Homeowner's Insurance If you want to learn what else to expect on the road to homeownership, I cover everything in my Buyer Consultations but make sure you follow me for more tips! Grab the QR code to book an appointment with me!


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