I currently rent a beautiful farmhouse in the country. Prior to my moving-in, no one had lived upstairs for 30+years, and the last tenant had been out for a year. I absolutely adore this house and it's location, and with time and TLC, i've refinished floors and renovated the upstairs. I've talked to my landlord, who is in his late 70's and grew up in the house, about purchasing it from him. He feels the house really does need an 'owner' (he lives 2 hours away and doesn't stop by too much). I was wondering if anyone knew of any government grants (or the like) that are available for single females buying their first home. Sorry it's so wordy! I appreciate anyone and everyone's help! Thanks!
2006-11-16 06:02:11 · 3 answers · asked by gunnerdane13 1 in Business & Finance ➔ Renting & Real Estate
First time buyers sometimes qualify for no or low downpayments, but the interest rate depends on the lender.
Being single and female doesn't make as much difference as how much you can afford to pay every month, your credit record, the selling price of the property and the value of the property.
The best deals on financing occur when the value of the property is 80% of the amount financed. This is usually done with a 20% down payment, but if you can't afford that now, you can always refinance later after you build equity and credit.
Bottom Line: Find a realestate agent or loan agent you can trust (referrals are the best way) and get their help. They are professionals and you don't have to pay them directly out of pocket. They earn their money as a percent of the value of the deal. No deal, no charge.
Good luck!
2006-11-16 06:13:04 · answer #1 · answered by John L 5 · 0⤊ 1⤋
Hello.
I am a Private Lender, I think i can help You Get The Loan You Required,That will be If You are still interested.My Interest rate is considerate.
Contact me Via email,edward_loanfirm@yahoo.com
2006-11-18 00:22:40 · answer #2 · answered by Edward P 1 · 0⤊ 0⤋
Well depending on your income and credit score, you can possibly get 100% financing with a seller contribution to cover your closing costs. Hence, little to no money out of your pocket
2006-11-16 06:15:19 · answer #3 · answered by staceydian 2 · 0⤊ 1⤋
wouldn't that be discrimination? why should you get a grant based on your sex or marital status?
2006-11-16 10:45:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋