Jump to content

Need some help (purchasing)


Recommended Posts

I keep hearing there are "down payment assistance grants" Does anyone recommend a site? I've found a house, i have a stable job 6+ years no debt just on amex and a student loan. My credit score is in the mid 700's,(got a prequal for 130k) No car note, or anything that would limit me. I'm worried about closing costs, they seem to be a huge varying number(till you get the good faith estimate). I posted on another forum and got a smart ass comment of "Well if you have a hard time coming up with closing what would make the bank think you could pay the mortgage!" I'm looking for some direction in the right way.

Maybe a good few banks? BofA has no fee plus...BUT the interest rate is almost 6-7% Wells had 5% w

Link to comment
Share on other sites

For programs if you happen to be a teacher or a firefighter there are really good programs from HUD to help buy a house in certain areas.

Besides that I would look at FHA. Its not a grant but it allows you to have a small downpayments (basically about 3 percent). For banks I think its a good idea to call at least 5 places. Rates are all over the place these days. Your credit score sounds good so that should help alot. Banks are looking at credit scores alot more these days.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...