Found 1 blog entry tagged as Warman down payment.

Young couple standing on the front walkway of their first Warman starter home on a bright spring morning with keys in hand

Warman is one of the most popular places in Saskatchewan for first-time buyers, and for good reason. Home prices are more attainable than in most of Saskatoon, new construction is active, and the city has strong schools, parks and services aimed squarely at young families.

How Much Do You Need to Buy Your First Home in Warman?

Most first-time buyer homes in Warman fall between $325,000 and $525,000. Here is what that means in practice:

  • Minimum down payment: 5% on the first $500,000 of purchase price, and 10% on the portion above $500,000 up to the CMHC insurance limit.
  • On a $425,000 home: that is $21,250 minimum down.
  • Default mortgage insurance: required on down payments under 20%, added to your mortgage balance.
  • Closing costs:…

4 Views, 0 Comments

Read Full Post