Is there a program that helps with down payments and closing costs when buying a house?

Question

we are a low income family and we are searching for some how to pay the closing cost and down payment. we are in little rock arkansas.

Answer 1

The first program that comes to mind is Fannie Mae. But, there are TONS of programs out there. Check HUD (www.hud.gov/buying/ first) and that site should get you going in the righ direction. Good luck on your home search!

Answer 2

There are many programs for low income individuals to purchase homes. They also have down payment assistance.

First of all check with the city of Little Rock at the housing department see if they offer down payment assistance. If they do find out how to go about qualifying for the program.

If Little Rock don't have a program check with Pulaski County housing department. If they have on find out what the qualification is and how do you go about qualifying.

I hope this has been of some help to you, good luck.

"FIGHT ON"

Answer 3

One word: Nehemiah.

The Nehemiah foundation makes closing cost money available to low and moderate income homebuyers. Go to http://www.getdownpayment.com for information. This is not a scam. They are not trying to sell you anything. They will not put a lien on your home. The only thing they will do is give you the down payment money.

Answer 4

Some cities and states have them but applicants usually outnumber the offerings about 100 to 1.
But you might be the one. Go to your local lenders and ask about community 1st time buyers assistance programs.

Answer 5

i imagine you want to benefit those numbers lower back. Her loan critical will be $500 (notwithstanding that seems low) yet her pastime, coverage, and taxes might want to honestly convey that up. A $500 loan charge might want to be very very very low. That being stated, for sure there aren't any handouts for the downpayment and shutting. If she needs to purchase a house, she ought to get a second pastime, decrease decrease back her prices, and start up saving. lower back, i imagine your $500 estimate is way off.