Address: 422 South Main, Newcastle, OK 73065
Interested in learning more?
1. Down Payment *
Usually ranging from $0 to 5% of sales price
Depending on type of loan
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.