The Federal Tax Credits Blog

Posts Tagged ‘first time home buyer tax credit manufactured home’

Question: we are buying a house i feel like were getting ripped off..?

the house is a forclosed house they were asking $69,000 for it the bank accepted an offer of $67,900 and them pay closeing costs and they wanted a $1000 check my boyfriend has perfect credit and a good job.
well today they said we would need about $6000 at closeing for the inspecters and the taxes and fees from the morgager and stuf but i dont understand how its THAT much. the house is a manufactured home and all i thought it would be maybe a grand a or 2 thats it.
can someone please tell me what is going on am i being ripped off or what?

Answer: Call your lender. You may need $6000 at closing, this may include your down payment. Plus, your taxes and insurance fees being escrowed, recording fees, tax stamps, origination fees, documnet fees, closing attorney fees, etc…

3.5% (FHA required) of $67,900 is $2376.50, then add all your other fees.

New home sales, orders for most durable goods rise

WASHINGTON – Sales of new homes took the biggest monthly jump in 47 years in March, while orders for most large manufactured products rose by the largest amount since the recession started.

3 Bedroom 2 Bath Mobile Home For Sale In Anaheim, CA. Awesome Location…Great Community