are there any orginizations to help with closig cost on ahome?

Answer 1

Yes, kind of...there is a program called Mortgage Credit Certificate (MCC) available to first-time homebuyers. This is a municipal tax deferral that is available from the city in which you are buying the home. Not all cities have them, and the number and amount of credits given out are limited to a certain amount per fiscal year.

To know if the town you want to buy a home in has this program, you can call the city's housing development office.

If you are granted a MCC, the taxes you would pay upon closing are not charged but added back into your year-end taxes. If you have followed the conditions of the certificate, you don't have to pay it back.

Answer 2

No need. With housing market continues to slump, you can simply ask the seller to pay for the closing costs. It is common practice today. In fact, he or she would be happy you don't ask additional 10% off.

This article gives you tips on negotiation:
http://biz.yahoo.com/brn/060909/19463.html

Articles about current market:
http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814

Answer 3

Go to www.ameridream.org

Accept an offer from a buyer who wants to use AmeriDream’s Downpayment Gift Program.

. Sign the Seller Enrollment Form.
. After settlement, pay AmeriDream a service fee of either $500 or .75% of the sales price of the homes, which ever is the lesser amount.
. Contact your local AmeriDream sales representative for additional assistance.

Sellers enroll in AmeriDream’s program by completing the Seller Enrollment Form, a simple, one page document. After settlement, sellers pay a service fee to AmeriDream equaling the amount of the buyer’s gift plus a processing fee of either $500 or .75% of the sales price of the home, which ever is the lesser amount.

Sellers who opt to use AmeriDream’s DreamKeeper Mortgage Payment Relief Program can have a processing fee as low as $185. For more information, please click here.

Does the down payment gift come from the seller?
No. The down payment funds come from a pre-existing pool of money raised by AmeriDream.

Why would a seller want to pay a fee to sell their home through the AmeriDream Downpayment Gift Program?
Sellers who participate in the program typically do so because of the larger number of potential buyers that become available. More qualified, potential buyers are likely to mean less time on the market for a property. Over time, most sellers find that they must reduce the price of their homes anywhere from 2-5% in order to sell. Sellers using the AmeriDream program find that the increased pool of buyers enables them to sell their homes more quickly and often, at the original asking price.

Is there a limit to the amount of gift money that is given?
AmeriDream’s down payment gift is based on a percentage of the purchase price of the home. Most AmeriDream gifts range from 2% to 10% of the purchase price of the home.

Is this program only for first-time homebuyers?
No. The program can be used by anyone regardless of how many homes they have purchased before. There is no restriction on the number of times they use the program.

Think it sounds too good to be true? It’s not. The AmeriDream Downpayment Gift Program provides homebuyers with up to 10% of the sales price of the home for a down payment or closing costs.

So, with AmeriDream’s help, you can realize the American dream of homeownership. Either contact your lender and ask about using the AmeriDream program, or contact your local AmeriDream representative and he or she will help you through the process.

Benefits of AmeriDream to Homebuyers
Down Payment Gift. You never have to repay the gift! Our mission is to help people purchase their own homes and this is how we do it.
Information. Homebuyer Education course and a knowledgeable customer service staff to answer all of your questions.

Reliability. More than 300,000 satisfied buyers and sellers have used AmeriDream to purchase homes … you can too!

Ease of Use. No one has a process as easy as ours. Try it!

Easy Qualification. The program is open to everyone, not dependent on age, race, creed or gender.

Few Restrictions. You do not have to be a first-time homebuyer; the gift can be applied to both down payment and closing costs.

Cost to you: ZERO!

A home purchase is often the largest investment in peoples’ lives; it should be done with reason and knowledge. Let us help you.
www.ameridream.org

Go to this web site also:

http://www.nehemiahcorp.org

Answer 4

Fredi May !united home,and many more; some times land lord also offer as no closing cost.

Answer 5

I know it was In Houston, TX. 10 years ago.

Answer 6

http://www.americandreamdownpaymentassistance.com/

and

also call your local HUD Office - they can put you intouch with local non-profits

http://www.hud.gov/

Answer 7

of course