What options are out there for first time home buyers, regarding downpayment help?
My husband and I are first-time home buyers, who need credit and downpayment assistance. Where we live is now medically unsuitable for myself and my children (old house, mold and dust issues), and we both work two jobs. However, we can't seem to make the $10,000 to $30,000 downpayment required for many home loans. Help!!
Asked By: Judy W - 10/21/2006
Best Answer - Chosen by Asker
Answered By: Fox - 10/23/2006
Additional Answers (4)
You need to speak with a loan officer in your area. There are many loan programs available today that do not require a down payment or only a very low downpayment... More
Answered By: Hoopfan - 10/21/2006
Common Questions from First-time Homebuyers - HUDThe payment comes from the home seller - not from the buyer. ... That's why many first-time homebuyers turn to HUD's FHA for help. ... www.hud.gov/buying/comq.cfm - 49k - Cached - Similar pages
Answered By: philski333 - 10/21/2006
find a rent to own home they are out there or a vendor that takes on a low down payment. I bought an acreage once where i leased it for a year with the option to purchase after one year and the lease money was used as a downpayment . I own the place free and clear now. look in papers and real estate news for low or no... More
Answered By: optionnumber8 - 10/21/2006
There's alot of town homes and detached houses that will sell for o down! We did it and have no regrets. Work through a broker. It can save alot of hassle. All you need is about $3,ooo.oo for lawyers fees. That's it!!
Answered By: Lynn D - 10/21/2006
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