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Beginner’s Guide for Homebuyers on Escrow Requirements in Sandbridge, VA

Sandbridge Real Estate Net

Escrow requirements in Sandbridge, VA, apply to government-backed loans like USDA, VA, and FHA. Additionally, conventional loans with less than a 20% downpayment need an escrow account. An escrow account keeps money deposits and property documents secure while the seller and buyer settle contingencies. These contingencies include mortgage rates, home insurance, and home inspection. Learn more about escrow requirements in Sandbridge below. Escrow Requirements in Sandbridge Initial Deposit Your real estate agent collects a deposit which applies as a down payment, and deposits it in...

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