Episode 4: Down Payment Requirements and Closing Costs

Do you know the difference between the down payment and closing costs? What about the minimum down payment requirements for each loan type? Jordan O’Brien with Cardinal Financial Company joins TSAHC’s Joniel LeVecque to define and provide examples of closing costs, explain various down payment requirements, and share resources for home buyers that need help with their down payment. 

Chapters

• 3:04 How much down payment is required and what are closing costs?
• 5:42 What options are available if you need help with your down payment?
• 7:01 What are the different types of closing costs?
• 10:02 Can a seller contribute toward your closing costs?
• 10:52 Who pays for a home buyer's REALTOR?
• 12:13 How do you know how much your closing costs will be?