I wanted to share with you an Estimated Closing Statement on purchasing a home at $100,000 here in the Huntsville/Madison area. I am using a home purchase with an FHA loan at 4.75% interest rate and close within 30 days. $500 is needed for earnest money which is credited back to you at the closing table. You will also need $450 to pay for the appraisal which is non-refundable and this money is usually needed about 2 weeks into the loan process. Your down payment will be around $3500 and a lock in fee $750. (There are programs that will help with this down payment or the money can be gifted to you.) This will put your estimated payment at $685 with taxes and insurance included. Buyer closing cost can be estimated at less than $4300 with pre-paids and escrow fees but we would have to ask the seller to pay the buyer closing cost. Ok, so now you know how the money works and you can find some really nice homes when you visit my website. Just use the MLS tab to search or send me an email and I will set up a custom search for you with instance notification or weekly notification of any new listings that came on the market. Thanks, Trish