Items & Funds Needed to Submit an Offer in Texas:
- Loan Pre-Approval Letter or Letter of Funds Availability from Loan Officer / CPA / Financial Advisor / Bank.
- Earnest Money
- Termination Option Fee (for existing homes)
- Inspection Fees
WDI (Wood Destroying Insect) Inspection
- Down Payment
Minimums: FHA– 3.5%; Conv – 5 to 10% of Sales Price
- Closing Costs (loan origination, title insurance, prepaids -taxes/insurance)
Ranges from 3-6% depending on price of property. Consult lender for more accurate amount.
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