When you are shopping for a mortgage and you only have enough available for a minimum down payment, your choices of loan program will be limited to only a few types of mortgages. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we also know that if someone is giving you a gift for all or part of the down payment, your options are also limited. If you have enough for the down payment, but need the lender or seller to cover all or part of your closing costs, this further limits your options. If you borrow all or a portion of the down payment from your 401K or retirement plan, different loan programs have different rules on how you qualify. Of course, if you have enough for a large down payment, then you have lots of choices. Check out below to see what sold in Whispering Meadows in October 2017:
21741 Sunrise Blvd., Novi: 3 bedrooms, 2.1 bathrooms, 1,866 sq. feet, 2 car garage, Sold Price: $283,400
Whispering Meadows Home Sold
Your loan choices include such varied programs as conventional fixed rate loans, adjustable rate mortgages, buydowns, VA, FHA, graduated payment mortgages and all the varieties of each. For more information on Whispering Meadows, or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Jamestowne Green, contact The DiMora Team today at 248-505-7728 or email@example.com.