It's imperative that you have a clear understanding of the home buying process prior to signing any purchase agreement. Click below to familiarize yourself with what I refer to as The 5 Phases of Purchasing a Home. Steps may vary.
While there may be money available to help with closing costs and down-payments, its important you do your absolute best to save as much money as possible for your purchase as monetary assistance is not guaranteed.
Who would think that cash deposits could have a negative impact on a potential loan approval? The truth is, this is just one of many actions a potential homeowner could take and the unfortunate outcome could mean the issuance of a loan denial.