How do I gain a loan to buy a house from my manager next to no closing cost?
Answers:
Have the closing costs included in the loan. In other words, you'll be financing the closing costs near no money out of pocket.
Or, add on the closing costs to the cost of the house and enjoy the salesperson income the closing costs. This costs the purveyor nought and everything is financed through the loans.
Don't use a Realtor. But you should procure a material estate attorney to aid near it so you don't receive screwed.
getting the loan is lone piece of your warfare. read this article it should lend a hand you aggree on a proce that allows the dealer to money the closing costs to 6% that should cover most of your fees
All mortgage programs allow for 3% salesperson concessions. If he is asking for $100,000, Tell him you will clear $103,000 next to him paying $3,000 towards your costs.
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