2006-11-11 19:02:12 · 4 answers · asked by lucymart2006 2 in Business & Finance ➔ Renting & Real Estate
The state will not give you Section 8 to pay towards a mortgage. It is only meant to help those, who have low income to rent a place to stay. If your credit is not that good either, it would be worth getting a house. You will have interest rate that is ridiculous, and honestly it would be hard to find a bank that will finance that. There are many government programs for first time home buyers. You should go to www.hud.gov, and there may be a program that you can qualify for.
2006-11-12 05:55:30 · answer #1 · answered by Linda J 2 · 1⤊ 0⤋
Section 8 is not bankruptcy, so that guy is completely off. I lucked out when I got my section 8. the apartment complex I live in had a waiting list when you sign up for an apartment so when my name was called up, I filled out the proper forms and was qualified. You can go to your local HUD office in your town to get the forms and be put on a waiting list ( some range from 2-5 yrs) which can suck. Also ask a Realtor about HUD houses for sale. they are super cheap to acquire and they might need some fixing up but overall you can get them for a fraction of the cost and will be able to say you own your own home. Section 8 is for renting a apartment or house. *least here in Iowa it is* Best of luck!
2006-11-12 03:12:38 · answer #2 · answered by clubsandra 3 · 1⤊ 0⤋
a section 8 is bankruptcy and you want a home?you cant buy anything yet until your bankruptcy hearying is over and that takes a few weeks
2006-11-12 03:05:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
call hud or fha. section 8 is for renting only, i believe. call your local dept of human resources and ask for the phone number, or address, and go apply in person.
2006-11-12 03:07:13 · answer #4 · answered by DAYNA S 2 · 1⤊ 0⤋