they told us that if we make less then 30.000 and pay off at least 3 or 4 of our crediters then they would help us to buy a home of our own. is this true or not
2006-07-26 22:06:58 · 4 answers · asked by angel 2 in Business & Finance ➔ Renting & Real Estate
bank`s have been knowen to help first time buyers
2006-07-26 22:11:31 · answer #1 · answered by krusty_blue_spaz 5 · 0⤊ 0⤋
This is true, but as well you can check with your local city or county. They most likely have a program like this as well where they donate money to help you purchase the home. This way may lead to less money out of your pocket and less lender fees.
2006-07-27 08:36:44 · answer #2 · answered by charlottesville101.com 2 · 0⤊ 0⤋
Yes it is true. It is based on two things. One is a formula they use to see debt to income. And second is they take advantage of programs through both Freddie mac, and Fannie may. Which help low income people buy homes.
If you want to research it more check out,
2006-07-27 05:13:42 · answer #3 · answered by Jon H 5 · 0⤊ 0⤋
its 45000 us dol a year min
2006-07-27 05:11:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋