Office:     405-387-3322
  Address:  422 South Main, Newcastle, OK 73065
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  Funds for Closing
Interested in learning more?
1. Down Payment *
    Usually ranging from $0 to 5% of sales price
    Depending on type of loan
2. Pre-Paids**
    Home owner’s insurance, property taxes, & pre-paid         interest (based on price of home, your home owner's       insurance rate, and tax rate)
3. Closing Costs**
    Fees charged by Title Company and Mortgage lender
    Range from $2,000 to $4,000

How Much Money Will I Need to Close?
* It is possible to get your down                 payment through a down payment           assistance program, VA, RD, or               Native American loan
**Pre-paids and closing costs can be        legally paid by the seller if negotiated. 
Earnest money is the monies required for deposit to the seller to make the contract valid. 
It can be as little as $500. to $1,000 to 1 to 2% of the price of the home. These monies are deposited in an escrow account and credited back to the buyer on their settlement statement at closing.