Where can you get the best house for your money?
Where can you get the best house for your money?
Buying a Home in These 7 States Gives You the Most Bang for Your Buck
- Indiana.
- Mississippi.
- Arkansas.
- Ohio.
- West Virginia.
- Alabama. Alabama’s median home price of $92 per square foot translates into a 3,256-square-foot home for $300,000.
- Oklahoma. In Oklahoma, $300,000 will buy you a 3,175-square foot home, on average.
Where is the nicest and cheapest place to live?
11 of the Most Affordable Cities in the U.S.
- BUFFALO, NEW YORK. Buffalo offers low median housing costs without succumbing to some of the cultural deprivations common in “affordable” cities.
- KANSAS CITY, MISSOURI.
- DAYTON, OHIO.
- OMAHA, NEBRASKA.
- BIRMINGHAM, ALABAMA.
- LOUISVILLE, KENTUCKY.
- MEMPHIS, TENNESSEE.
- GREENVILLE, SOUTH CAROLINA.
Where is the best place to buy a cheap house?
Keeping reading to see a list of the top 10 cheapest states to buy a home right now.
- West Virginia. Shutterstock.
- Arkansas. Shutterstock.
- Alabama. Shutterstock.
- Mississippi. Getty Images.
- Oklahoma. Shutterstock.
- Indiana. Shutterstock/Brad Whitsitt.
- Kentucky. Shutterstock.
- Ohio. Shutterstock. Median list price: $180,000.
How much is a downpayment on a 300k house?
If you are purchasing a $300,000 home, you’d pay 3.5% of $300,000 or $10,500 as a down payment when you close on your loan. Your loan amount would then be for the remaining cost of the home, which is $289,500. Keep in mind this does not include closing costs and any additional fees included in the process.
Can I buy a house with 30 000 deposit?
In most locations worth investing in, a $30,000 deposit won’t get you to that 80% Loan to Value Ratio (LVR) sweet-spot. That doesn’t mean that you can’t buy a property, but you may incur LMI fees. A small number of lenders have LMI-free loans that only require a deposit of 15%.
What happens if I don’t have a downpayment for a house?
You can only get a mortgage with no down payment if you take out a government-backed loan. You may want to get a government-backed FHA loan or a conventional mortgage if you find out you don’t meet the qualifications for a USDA loan or a VA loan. Both of these options will allow you to make a low down payment.
What is the least amount to put down on a house?
There are conventional loan options that require a down payment of as little as 3 percent, but many lenders impose a 5 percent minimum. If the loan is for a vacation home or a multifamily property, you could be required to put down more, generally 10 percent and 15 percent, respectively.
