Finally found a home that I can actually afford. Then after submitting the contract to my broker I find out that single family homes that are attached require a 20% minimum downpayment. I start to freak out because apparently this just happened. This is a new policy. So what happens now? I'm freaking out and my awesome broker says, hold on, let me check into something for you. He gets me on a FHA loan which I was trying to avoid, but hell it worked out for the better.
I am now getting a lender credit that will cover like 95% of my closing costs and I just have to take care of my insurance and a few other things.
This market is total shit. Home buying in Florida is a fucking nightmare. Trying to buy anything is a goddamn hassle unless you have at least 60K cash to drop. Fuck this shit! I hate it. But I need a house.
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