2007-01-23 11:38:37 · 7 answers · asked by Que 1 in Business & Finance ➔ Renting & Real Estate
There is a program that will give down-payment / closing cost assitance to home buyer. You could receive up to 10% of the purchase price. You don't even have to be a 1st time home buyer. I don't know exactlywhat the requirements are to be qualified. Their website is very basic and doesn't provide much information because they want you to call and speak with a representative. They are a legit program and have many large backers. Go to www.ameridream.org and you can get the phone number for your area representative to call.
2007-01-23 17:16:00 · answer #1 · answered by chrissyuca 1 · 0⤊ 0⤋
If you are using a real estate agent, they should have that information for you, If not, you need to find a new agent. Remember when you use an agent you'll be paying them commission at the closing, so make the agent earn that money....Also if you've applied for financing already from a bank, they should have some information as well.
Check with the housing authority for your state/city for programs that offer assistance. Attend free home buying seminars to get this information as well.
2007-01-23 11:54:14 · answer #2 · answered by styymy_2000 4 · 1⤊ 0⤋
When I closed on my first home, I gave the price very close to their asking price, then I added that they paid for all closing cost. Its not a program like you are looking for but it is another option. Good luck.
2007-01-23 11:43:25 · answer #3 · answered by KittyKat 2 · 0⤊ 0⤋
When we bought our first home we negotiated that the seller would pay all closing cost, it raised the price of the house a little, but it allowed us to move in with very little down.
2007-01-23 11:48:02 · answer #4 · answered by mischa 6 · 0⤊ 0⤋
Usually you can get the seller to pay for these, or at least a portion of them. Ot you can go through a Broker & see if they can give you a broker credit? But the seller paid closing cost is probably your best bet
Good luck!
2007-01-23 11:42:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
http://www.ameridream.com
http://www.nehemiahcorp.org
Or you could ask the seller to pay up to 6 percent of your closing costs associated with your loan. Many will do that, to sell their home. Good luck to you.
2007-01-23 18:41:31 · answer #6 · answered by W. E 5 · 0⤊ 0⤋
I used the Nehemiah program.
2007-01-23 11:43:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋