Where is the US government site which offers 1st time home buyers down payment assistance?

Question

I have found lots of scam sites does anyone know the legitimate site for Alabama residents?

Answer 1

I don't know if the US government does that. All the first time homebuyer's programs I've ever seen were state, county or city.

I received a California state first time homebuyer's program that gave me a below market rate fixed loan, plus some downpayment assistance. My mortgage broker found it for me. I had gone in there with info about a city sponsored one, but it had gone through it's funding for that year already, and she found the state program instead.

And that's what I recommend you do. Go talk to a mortgage broker and tell him/her you want them to look into first time homebuyer programs when they are searching for your financing.

Answer 2

Try for a no money down loan......
I don't know of a US gov. plan, but your local gov. may have one.

http://www.preferredprogram.org/