Find Used Cars for $500 Dollars Down. 3.75%. #wsite-title {} Case Number: 371-500---$175,000. .wsite-headline-paragraph,.wsite-header-section .paragraph {} What is the income needed to buy a $500,000 house? What are the interest rates? Good or bad credit, IF YOU HAVE $500 DOWN AND A JOB YOU DRIVE TODAY! _W.storeEuPrivacyPolicyUrl = ""; All borrowers must contribute at least $500 toward the loan. Find properties for sale at the best price. var initEvt = document.createEvent('Event'); .wsite-menu a {} .galleryCaptionInnerText {} Basically, most homes in Albuquerque and Rio Rancho and many other surrounding areas will be available for Albuquerque first time home buyers to move in at $500. 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. #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 {} View property. Community Homeownership Incentive Program. .wsite-phone {} A down payment is the first payment you make toward the home and it’s due when you close on your home loan. background-image: url(/uploads/5/7/7/1/5771939/header_images/1450364125.jpg) !important; (function(){_W.setup_rpc({"url":"\/ajax\/api\/JsonRPC\/CustomerAccounts\/","actions":{"CustomerAccounts":[{"name":"login","len":2,"multiple":false,"standalone":false},{"name":"logout","len":0,"multiple":false,"standalone":false},{"name":"getSessionDetails","len":0,"multiple":false,"standalone":false},{"name":"getAccountDetails","len":0,"multiple":false,"standalone":false},{"name":"getOrders","len":0,"multiple":false,"standalone":false},{"name":"register","len":4,"multiple":false,"standalone":false},{"name":"emailExists","len":1,"multiple":false,"standalone":false},{"name":"passwordReset","len":1,"multiple":false,"standalone":false},{"name":"passwordUpdate","len":3,"multiple":false,"standalone":false},{"name":"validateSession","len":1,"multiple":false,"standalone":false}]},"namespace":"_W.CustomerAccounts.RPC"}); .wsite-image div, .wsite-caption {} .wsite-elements.wsite-footer div.paragraph, .wsite-elements.wsite-footer p, .wsite-elements.wsite-footer .product-block .product-title, .wsite-elements.wsite-footer .product-description, .wsite-elements.wsite-footer .wsite-form-field label, .wsite-elements.wsite-footer .wsite-form-field label{} } #wsite-title {} _W.storeCountry = "US"; While the homes are expensive, rent in Hawaii will only save you about $500 … 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. #wsite-content h2.wsite-product-title {} The remaining down payment … If your home’s sales price is $250,000, and you’ll borrow $237,500, your required down payment is $12,500 (5 percent). 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 … _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":[]}); Home Purchasing Fees. Your initial savings goal should cover the upfront costs. Often the money goes to the broker's commission, leaving nothing for the owner, … Home buyers using down payment assistance save over $17,000 on average Two-in-three people saving for a house say the down payment is their biggest obstacle to homeownership, … A traditional down payment is not required for a refinancing, but the amount of money required is dependent on several factors. .wsite-footer blockquote {} Many lenders estimate the most expensive home that a person can afford as 28% of one's income. [{"id":"596038796813238391","title":"Home","url":"index.html","target":"","nav_menu":false,"nonclickable":false},{"id":"721204925651818811","title":"Bargain Homes","url":"bargain-homes.html","target":"","nav_menu":false,"nonclickable":false},{"id":"120321691597859268","title":"Md & DC Metro","url":"md--dc-metro.html","target":"","nav_menu":false,"nonclickable":false},{"id":"512153524584343927","title":"Down Payment Help","url":"downpaymenthelp.html","target":"","nav_menu":false,"nonclickable":false},{"id":"109763335595424991","title":"Free Credit Repair","url":"free-credit-repair.html","target":"","nav_menu":false,"nonclickable":false},{"id":"995941363346032653","title":"School Information","url":"school-information.html","target":"","nav_menu":false,"nonclickable":false},{"id":"590765811731288787","title":"Blog","url":"blog.html","target":"","nav_menu":false,"nonclickable":false},{"id":"473034786730960163","title":"Rent to Own","url":"rent-to-own.html","target":"","nav_menu":false,"nonclickable":false},{"id":"424305388430673638","title":"New Homes","url":"new-homes.html","target":"","nav_menu":false,"nonclickable":false},{"id":"455228905815846055","title":"Pathway to Purchase","url":"pathway-to-purchase.html","target":"","nav_menu":false,"nonclickable":false},{"id":"625791952702610605","title":"USDA Zero down","url":"usda-zero-down.html","target":"","nav_menu":false,"nonclickable":false},{"id":"892472300129933172","title":"Homebuyer Grants","url":"homebuyer-grants.html","target":"","nav_menu":false,"nonclickable":false},{"id":"123797517575651614","title":"EAHP","url":"eahp.html","target":"","nav_menu":false,"nonclickable":false},{"id":"990504757668828302","title":"HPAP","url":"hpap.html","target":"","nav_menu":false,"nonclickable":false},{"id":"838306805331962059","title":"MD Smartbuy 2.0","url":"md-smartbuy-20.html","target":"","nav_menu":false,"nonclickable":false},{"id":"708987865309386752","title":"Baltimore Home ownership programs","url":"baltimore-home-ownership-programs.html","target":"","nav_menu":false,"nonclickable":false},{"id":"499742299677167592","title":"Montgomery Homeownership Program 2","url":"montgomery-homeownership-program-2.html","target":"","nav_menu":false,"nonclickable":false},{"id":"425975737134999669","title":"HK4E","url":"hk4e.html","target":"","nav_menu":false,"nonclickable":false},{"id":"289937986864219556","title":"PGCPAP","url":"pgcpap.html","target":"","nav_menu":false,"nonclickable":false},{"id":"114601483596870940","title":"DPAP","url":"dpap.html","target":"","nav_menu":false,"nonclickable":false},{"id":"476124971865488588","title":"VA Home Loan","url":"va-home-loan.html","target":"","nav_menu":false,"nonclickable":false},{"id":"450720394164495259","title":"DC Open Doors","url":"dc-open-doors.html","target":"","nav_menu":false,"nonclickable":false},{"id":"152089800999981742","title":"Virtual Tours","url":"virtual-tours.html","target":"","nav_menu":false,"nonclickable":false},{"id":"372893451597686756","title":"Down Payment Grant","url":"down-payment-grant.html","target":"","nav_menu":false,"nonclickable":false}], com_currentSite = "588794009659481834"; Subtract your down payment to find the loan amount. BB&T’s Community Homeownership Incentive Program, better known as CHIP, is one of the best alternatives to FHA financing available on the market today. X. var ASSETS_BASE = '//cdn2.editmysite.com/'; .galleryCaptionInnerText {} 1st House Network Subtract … false, The typical down payment on a mortgaged home in 2019 was 10-19% of the purchase price of the home. Save more than $96,000 long-term. .blog-header h2 a {} .wsite-elements.wsite-not-footer:not(.wsite-header-elements) h2, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-long .product-title, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-large .product-title, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-small .product-title, #wsite-content h2, #wsite-content .product-long .product-title, #wsite-content .product-large .product-title, #wsite-content .product-small .product-title, .blog-sidebar h2 {} .wsite-elements.wsite-not-footer:not(.wsite-header-elements) h2, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-long .product-title, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-large .product-title, .wsite-elements.wsite-not-footer:not(.wsite-header-elements) .product-small .product-title, #wsite-content h2, #wsite-content .product-long .product-title, #wsite-content .product-large .product-title, #wsite-content .product-small .product-title, .blog-sidebar h2 {} The first one, which is a smaller portion of the down payment, is the earnest money — essentially a monetary show of good faith to the seller once the offer is accepted and the home purchase contract is signed. _W.themePlugins = []; _W.recaptchaUrl = "https://www.google.com/recaptcha/api.js";