What other costs are there?
You will have to pay for an appraisal which costs approximately $300 - $400 and a professional home inspection which costs approximately $200 - $700.
There may be other incidental expenses prior to your purchase that you would be responsible for, such as, Application Fees, Credit Reports, Prepaid Insurance, Prepaid Taxes, Attorney fees and Title fee. Depending on how you finance your home these costs can accumulate. The normal range is from $1,500 to $4,500 in addition to your down payment. All or part of these closing costs can be paid by the seller. Some financing options allow these costs to be rolled into the loan.

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1. How do I know if I am ready for homeownership?
2. What are the eligibility requirements to participate in the Voucher Homeownership Program?
3. How do I obtain financing?
4. Do I have to have good credit?
5. Are there any programs to help me save for a down payment?
6. What other costs are there?
7. Am I limited as to how much I can pay for a home?
8. Do I need to get my home inspected?
9. Am I responsible for other expenses incurred as a result of purchasing the home?
10. If interested in Homeownership, what should I do next?