• LordOfTheChia@lemmy.world
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      1 year ago

      Also shop around for mortgage lenders (hint: credit unions) that will give you a break on the mortgage insurance if you put down at least 5% down.

    • Bizarroland@kbin.social
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      1 year ago

      There are also closing costs and other fees. I bought a house in 2020 using the native American home loan program.

      I had to put down two and a quarter percent as a minimum and on a $500,000 house that should have been $11,250, but the total to close was actually a touch over 20 grand.

      It took me several years to save up that money and it disappeared in a flash.