do they have no money down/no closing cost program for 1st time home buyers with less interest?what are the programs that will help a rookie like me?we really would love to own a home for our starting family but ofcourse with a little bit(or maybe A LOT!)of assistance..
2007-03-23 20:01:47 · 2 answers · asked by jo-ann 1 in Business & Finance ➔ Renting & Real Estate
There are alot of first time home buyer programs available. Shop around for a mortgage, get pre-qualified for a specific amount so you know what price range you are looking at. Don't go with the first lender you talk to, shop around. Closing costs can vary greatly, so get an estimate on what the closing costs will be from each lender. If the lender tells you they can't do this, take your business elsewhere, you don't need any bad surprises at the closing table where you may feel pressured to sign for terms you don't want.
Once you have your lender in place, and you know how much you can qualify for, shop for a realtor. Don't be afraid to go with someone new in the business, they will have more time to devote to finding you a home. Good luck!
2007-03-27 12:48:53 · answer #1 · answered by godged 7 · 0⤊ 0⤋
Find a house that is very inexpensive that you can easily afford.
Then talk to a realtor and a mortgage broker about all of the local programs that are available to you.
Most likely there are a few sellers who will do the financing for you. Also there are many 1st time homebuyer programs too.
2007-03-24 04:27:09 · answer #2 · answered by Santa Barbara 7 · 0⤊ 0⤋