Saving for a down payment to buy a house can feel like an insurmountable task. Between recurring monthly expenses, the costs of daily life, and paying down debt, it can feel like there’s just not enough money coming in to save for a house down payment. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that with record-low interest rates and a many first time-buyer programs available, 2022 really could be a great time to buy a home — and it might be a more attainable prospect than you think. If you’re using a conventional loan to buy a home — in other words, a loan that is not backed by the federal government — either 3% or 5% is a common down payment requirement. Your credit score and income will determine the required amount down. For our $350,000 home example, this means you’ll need to be prepared with between $10,500 and $17,500 to put down. Check out below to see what sold in Northville Hills Golf Club in December 2021:
15957 Cog Hill Drive, Northville: 4 bedrooms, 4.2 bathrooms, 4,154 sq. feet, 3 car garage, Sold Price: $855,000
Northville Hills Golf Club Home Sold
December 2021
15780 Crystal Downs E, Northville: 4 bedrooms, 3.1 bathrooms, 3,885 sq. feet, 3 car garage, Sold Price: $931,800
Northville Hills Golf Club Home Sold
December 2021
16021 Pine Valle Drive, Northville: 5 bedrooms, 4.1 bathrooms, 4,122 sq. feet, 3 car garage, Sold Price: $970,000
Northville Hills Golf Club Home Sold
December 2021
For more information on Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Bella Terra, Pheasant Hills and Autumn Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.