Posts Tagged "assistance"

I need help finding any first time home buyer assistance programs in Rockland, NY?

on Oct 29, 2012 in FHA Information | 3 comments

4 options for a low down payment FHA Mortgage. An FHA Mortgage is probably the most popular option out there these days for a low-down payment mortgage, find try requiring as little as 3.5 percent down. Your choice of homes is also much broader than under the two programs discussed above … More informaiton please visit here… Eminent Domain Still Out There; Wells and Chase Earnings; Investor and … In response to the "current housing market conditions," the FHA has put in place temporary guidelines on condo project approval. Changes have been made to the definition of "under construction," owner-occupant principal residence purchase requirements, … For more informaiton please visit here… Housing crisis: Where Obama, Romney stand In Florida, the largest swing state with 29 electoral votes and 44.5 percent of mortgages underwater, housing was bound to be a key issue in this year's contest between Obama and challenger former Gov. Mitt Romney. … He said he would replace the … More informaiton please visit here… Question by Jakey’s Mom: I need help finding any first time home buyer assistance programs in Rockland, sales NY? Planning to purchase a home in Rockland, case NY relatively soon and we are first time home buyers. We are pre-approved for an FHA Mortgage with Chase and have enough for the down payment but need help with the closing costs that are expected to be around 15k. Can anyone can point us in the right direction on any governmental assistance that will help in covering the closing costs? Thank you! Best answer: Answer by real estate guyUsually these programs are for low income. And there are many restrictions. I recommend that you ask the seller to pay the closing costs. OR use a USDA loan, order which is 100% (and better then FHA because it has not PMI) and use the money you have for the closing (unless you can get the seller to pay). What do you think? Answer...

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