It is standard practice to make a purchase offer contingent upon obtaining a mortgage. Because of this contingency, the seller will want the details of your financing plan included in the offer.
Down Payment In the purchase offer, we will include the down payment amount you will apply toward the purchase. This will give the seller further evidence of your qualifications to secure a mortgage.
Seller Assistance If the house you select is at the top-end of your budget range, we may want to include a request for seller assistance to pay a portion of the closing costs traditionally paid by the buyer or to help "buy-down" your interest rate.
With any seller assistance options, you can expect to pay a higher purchase price than if you had handled the financing through a traditional mortgage lender.
Team Baker Homes 206A Cool Springs Blvd Franklin, TN 37067