[shermark]

Hi again Villagers,,,my wife and I will be over next week to talk to a realtor but we are just curious as to the financing options available in TV that some of you used. We have a VA loan on this house so in order to get another VA loan this one has to be paid off. I am willing to break even on this house in order to sell it. Can you tell us what other financing options are available and what the approximate closing costs are and how much money down is required. Hope I'm not being nosy but we are trying to figure out any way possible to get over there asap. Thanks,,Mark

[jeffy]

If you buy new , the villages pretty much pays all closing costs except prepaids and title insurance if you decide you want it.

If you buy used the seller pays the vast majority of the closing costs here in Fl.

Either way its much better for the buyer.

[BarryB]

Down payment on a new house is 20% not sure on resale

[GatorFan]

Beware of the bond on the new homes which makes up the discounted price of home. It can be pretty high. If you look at resales-check to see if the bond is paid or how much is still owed. There are some great resales available. All of the homes in The Villages so well maintained that resales are like buying a new home.

May I also suggest you check with some of the outside banks. SunTrust did my mortgage. The fixed rate was great and the process was quick and fast.

Good luck and I hope everything works out for you so you can move to The Villages soon. It is a great place to live.

[shermark]

thank you much for the replies