All agents are NOT alike! Find out why we are top real estate experts. Call us: 217-899-DOVE (3683).
Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
"Relocation Made Easy!" "He made our relocation easy and fun!" "Dr. Jeff & Kemia Goldstein" Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
Springfield Rotary Club #83 One of the best places to meet community leaders. Great for newcomers to the community. Find Out More > View All Affiliates >
The Dove Team RE/MAX Professionals 2475 West Monroe Springfield, Illinois 62704 Direct: 217-899-DOVE (3683) Toll Free: 888-999-7215 Office: 217-787-7215 ext. 190 Fax: 217-787-8957 stevendove@NUMBER1EXPERT.com
Real Estate in Springfield, Illinois - Steven Dove is a RE/MAX
Professional, and this site has valuable information for relocating to
Springfield. Search listings, request a relocation package, and find out about
local events, phone numbers and more!
SellingSpringfield.com is brought to you by
The Dove Team NUMBER1EXPERTS in real estate for
Springfield, Illinois, Luxury Homes, and Professional Relocation