Will probably buy a home in dayton Ohio...
Is there a limit on the price of the home in order to qualify?
2006-10-05 03:08:19 · 3 answers · asked by gg 7 in Business & Finance ➔ Renting & Real Estate
Yes, you always have to apply. Check the city you intend to buy in, figure out what department their buyer's assistance programs are in, and give them a call. If the area is unincorporated, call the relevant county department.
Some programs are more widespread, but dependent upon state cooperation, and not all states do.
In all cases, participation is subject to income limits and purchase price limits, and also always subject to funding being available. It's a bummer when you go to great lengths to make something happen within the rules, and funding runs out just before you get there!
Some lenders, loan brokers, and real estate agents also know enough about these programs to be valuable.
2006-10-05 04:43:19 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
You should contact the City or County in Dayton and ask for lenders that can help you with first time buyers monies. You need to qualify for these funds, and each location has different qualifications. Good Luck!
2006-10-05 04:00:50 · answer #2 · answered by Alterfemego 7 · 0⤊ 0⤋
Many lenders allow closing cost credits for new home buyers and provide easy qualifying 100% financing. Price would depend on income - debt ratios. I am a mortgage lender and work with new home buyers frequently. Contact me directly if you would like assistance.
2006-10-05 03:27:16 · answer #3 · answered by tomvoli 1 · 0⤊ 0⤋