Need some help (purchasing)

[foxmulder]

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

[musicman]

one that i know right off is the nehemiah program.....you can google it and find out more.

[insidehouston]

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.

[travelguy_73]

You might also post on the Credit Board's Mortgage forum. They have a number of helpful people, including some mortgage brokers (this is where we found ours!).

http://creditboards.com/forums/index.php?showforum=9