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Updated over 6 years ago, 08/15/2018
Buying my first home
Hello everyone
IM TRYING TO BUY MY FIRST HOME.
I WILL PROBABLY USE A FHA BECAUSE
I got $4000 in my savings.
THE LENDERS NORMALY WANT YOU TO HAVE 3.5% OF THE LOAN TO BUY A HOUSE IN YOUR SAVINGS CORRECT?
Do I actually need to have this money in the bank because i will use it or you don’t really need it?