PaigeAMJ Posted March 7, 2007 Report Share Posted March 7, 2007 Hello everyone!I am trying to buy a new home. I got financing through a broker and the best he could get me was 95%. We calculated everything and I will have to come of out pocket with $4950 that I do not have. Are there any programs or grants that I can use? I already have a contract and the seller is giving $9400. I don't THINK we can do a 3rd revision with it.What do you think? Link to comment Share on other sites More sharing options...
Gary Craig Posted March 7, 2007 Report Share Posted March 7, 2007 . Link to comment Share on other sites More sharing options...
VonAngel (aka EarthAngel) Posted March 7, 2007 Report Share Posted March 7, 2007 Click on the sticky in this forum that reads "Yes You Can Get FREE Money To Buy A Home With Grant Programs". Link to comment Share on other sites More sharing options...
PaigeAMJ Posted March 7, 2007 Author Report Share Posted March 7, 2007 Thank EarthAngel!I have but those programs want you to go with their "preferred" lender and I am already approved.Some of them also want you to go into a certain home or area and my zip code does not qualify. Link to comment Share on other sites More sharing options...
jimdiamond Posted March 8, 2007 Report Share Posted March 8, 2007 there are many programs, there is the city bond program of which we just had special seminar on today. but mostly there is the my community mortgage. it is 100% financing, and geared towards low-moderate income borrowers. yes, 100% financing, its FANNIE MAE, so the rate is in the low 6's, and reduced MI. There is also a company called "futures" they are a 3rd party that helps with your down payment assistance. theres many options. save your money, do 100%, if things are that tight, my community even has interest only programs. rates about 6.5% you can qualify for MCM wtih scores as low as 590. Link to comment Share on other sites More sharing options...
hajimon Posted March 8, 2007 Report Share Posted March 8, 2007 gone are the days of gift letters, carry back, etc.. why bother when u can do 100%. Link to comment Share on other sites More sharing options...
Diehard Posted March 15, 2007 Report Share Posted March 15, 2007 here is also a company called "futures" they are a 3rd party that helps with your down payment assistance. theres many options. save your money, do 100%, if things are that tight, my community even has interest only programs. rates about 6.5% you can qualify for MCM wtih scores as low as 590."Futures"....Do you have a website for this company, or contact information. I would like to find out what they offer compared to the other down payment assistance programs, and what the criteria is.Diehard Link to comment Share on other sites More sharing options...
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