Recent Existing Home Sales

Recent Existing Home Sales data from May (2019) reported a Median Sales Price for a single family home in the U.S. at $315,000 And you can buy that house with a 3% down payment conventional loan using $9,450 of your $10,000 we-want-to-buy-a-house fund. A home inspection happens early in the home buying process and that will set you back about $500 leaving you $50 for your we-just-bought-a-house celebration!

Now your lender will probably ask you to pay for the appraisal upfront, usually with a credit card, but you can ask to have that included as part of your closing costs. Explain to your lender rep that you are getting a seller credit and that you want to discuss interest rates and lender pricing that includes a lender credit.