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First time homebuyer

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Joined: 17 Apr 2008

Posts: 7



4.00 Dollars($)

PostPosted: Mon Apr 21, 2008 12:45 pm    Post subject: First time homebuyer

Hello, Is there downpayment assistants for scores lower than 580? I heard certain lenders were changing their criteria, where the buyer couldnt use gift funds.
 
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Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 1392
Location: nevada


189.99 Dollars($)

PostPosted: Mon Apr 21, 2008 10:47 pm    Post subject: RE: down payment assistance

Hi favors,

Welcome to forums.

It depends upon lenders as to whether they will allow you to use gift funds. Not all lenders will. Lenders mostly allow for down payment assistance from the non-profit organizations.

There has been a discussion on down payment assistance programs earlier in this community. Please check it out for further details.

Thanks
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1446
Location: ALASKA


137.08 Dollars($)

PostPosted: Tue Apr 22, 2008 2:43 am    Post subject:

In which state do you reside? there are state-specific programs for down payment assistance to first time buyers. So, if you can give me the name of the state, then I shall be able to give you some detail of such down payment assistance available.
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