Quote:
Originally Posted by Garywt
We are buying a less expensive house with a mortgage and our closing costs are about 9000. Title insurance for us is about 1100 but you can turn it down. Bonds are priced different based on type of home etc so check with your sales person. As said, you need to close within 30 days or there is a daily penalty. Our insurance is under 700 with both types of sink hole coverage and as of taxes it is based on various items.
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I thought that closing in thirty days and the penalty was only on
new homes from the developer who r
equires a conventional mortgage. I think each lender has their own closing rules on used homes.
When you buy a new home here, you cannot use VA or FHA because they don't guarantee closing in thirty days. You can use VA or FHA on used homes.
When you begin building here, they give the closing day and time. There is a penalty even if you want to close early. They are a well oiled machine and they do not have to accommodate your issues. However, we found that your aftercare is stellar and we have been very pleased with both new homes we bought here.