One of the most overlooked aspects when buying a home is the payment of closing costs. When most people start to save some cash to buy a home, its for a down payment, which means most people are shocked to hear that they also need 2%-3% of the purchase price in cash as well. In Humboldt County that means that instead of needing $15,000 for a 5% down payment on a $300,000 property, they really need to have $21,000 - $24,000 to cover both the down payment and the closing costs. Not to mention there are multiple closing costs. There's the lenders closing costs, which are closer to the 2% of your purchase price, as well as title and escrow closing costs which range from $1000-$3000 depending on your purchase price as well as your purchase agreement structure. If you would like to know the exact amount, please do not hesitate to contact me today!
