I have $15K saved for a deposit, and I was pre approved for a $250k FHA loan. Does that mean that I have about $265K to use if needed for a house, or in exchange for the $250K loan, I give the lender my $15K?
Added (1). Does that mean that I have about $265K to use if needed for a house?
Read more: REAL ESTATE- How does my deposit and home loan coincide?
