You might be closer to homeownership than you think. Many first-time buyers overestimate how much money they need to buy a home in Bastrop. Here’s a realistic look at your potential upfront costs—and how to reduce them.
1. Down Payment
- FHA: 3.5%
- Conventional: 3–5%
- VA/USDA: 0%
💡 Example: On a $325,000 home, 3% down = $9,750
2. Closing Costs
- Usually 2–5% of purchase price
- May be covered in part by seller concessions or buyer grants
💡 Typical Bastrop closing costs: $6,000–$12,000
3. Home Inspection
- $400–$600 depending on home size and systems (pool, septic, etc.)
4. Appraisal Fee
- Typically $500–$700
- Paid to your lender before closing
5. Prepaid Taxes & Insurance
- 3–6 months of homeowners insurance and property taxes
- Collected at closing to set up your escrow account
Final Thoughts
Yes, buying a home costs money upfront—but there are ways to lower or even eliminate some of those costs. I’ve helped buyers in Bastrop close with as little as $1,000 out of pocket.
📉 Let’s run your numbers and explore your low-cash options.
