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DOWN PAYMENT ASSISTANCE FORGIVABLE LOAN PROGRAMParticipating Lender Program ManualProgram Administrator: Waukesha County Community Development 515 W. Moreland Blvd., Room AC320 Waukesha, WI 53188
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How to fill out down payment and closing

01
Calculate the required down payment percentage based on the total purchase price of the property.
02
Determine the source of funds for the down payment, whether it will come from personal savings, a gift, or a down payment assistance program.
03
Complete the down payment section of the purchase agreement or contract, specifying the amount to be paid and the deadline for payment.
04
Coordinate with the closing agent or escrow company to ensure the down payment funds are transferred securely and on time.

Who needs down payment and closing?

01
Individuals purchasing a home or property with a mortgage loan typically need to provide a down payment.
02
Closing costs are fees associated with the purchase of a property and are usually paid by the buyer at the closing table.
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Down payment is the initial payment made towards the purchase of a property, while closing is the final stage of the real estate transaction where the property is officially transferred to the buyer.
The buyer of the property is usually required to file the down payment and closing documents.
The down payment and closing documents can be filled out by following the instructions provided by the seller or the real estate agent.
The purpose of down payment is to show the seller that the buyer is serious about purchasing the property, while closing is necessary to finalize the transaction and transfer ownership.
The down payment amount, method of payment, closing costs, and any other financial information related to the property purchase must be reported.
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