Question by Tiawana P: Have bankruptcy on our file and we want to be a first time home owner with no down can it be done?
Best answer:
Answer by Jon H
If you are in Canada, you will need two years of re-established credit and usually a minimum of $ 3500 restraining if you are looking for 100% financing
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Question by Big Iron: Can the first time home buyer credit be used for a down payment?
Keep hearing that the first time home buyer credit can now be used for a down payment. Trying to find out if that is true or what the qualifications/requirements are for that.
Best answer:
Answer by Professional Peon
I have not heard that and do not know how that would be possible as the tax ascribed would be given to you when you file for your 2009 tax returns next spring
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Question by tonyscourtside22: First Time Home buyer. Can someone tell me how much down I would need for a 5,000 in CA?
Hi. I’m a first time home buyer in Monterey County of Ca. I’m trying to figure out how much I would need to put down on $ 175,000 home in my area. I would greatly appreciate any insight or tips on buying my first home as well. Thanks a bunch.
Best answer:
Answer by rhlkale
FHA 3%-5% = $ 5,250.00 – $ 8,750.00Normal 20% = $ 35,000.00Aim for 20%, but look in to FHA and remember closing costs are separateand to budget for them.
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First Time Home Buyer programs are offered by almost all cities, counties and states. Most times the details of these programs and the qualifying guidelines are buried deep in the goverment website and you need a compass, a divining rod and a lot of luck to even find it. This site was created as a tool to help you find and apply for first time home buyer programs, DPA – down payment assistance programs, MAP – Mortgage assistance programs – community seconds, closing cost assistance programs and MCC – mortgage credit certificates. All of these tools come to the aid of new home buyers to help you buy your first home.
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Question by Atemu: How do I apply for a first time home owner grant? Or where I can get help with a down payment in Lehi, Ut?
I’m trying to get my first home and I maintaining seeing stuff for gov. grants but I’m not finding anything…I really postulate help with the down payment.
Best answer:
Answer by researched it
There are several government programs. A few of the government programs are meant to help people to stay in their homes by making their current mortgages affordable. There also is 1 to assist new housing buyers by providing a $ 8,000 tax credit, but this is money that you get back after purchasing. It does not provide you with assistance in coming up with a down payment. For more information about the program see the attached article.
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