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First time homebuyer

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favors Joined: 17 Apr 2008 Posts: 10 5.09 Dollars($)	Posted: Mon Apr 21, 2008 12:45 pm    Post subject: First time homebuyer Like 0 Dislike 0 Hello, Is there downpayment assistants for scores lower than 580? I heard certain lenders were changing their criteria, where the buyer couldnt use gift funds.
jameshogg Joined: 20 Dec 2005 Posts: 10164 Location: Nevada 944.24 Dollars($)	Posted: Mon Apr 21, 2008 10:47 pm    Post subject: RE: down payment assistance Like 0 Dislike 0 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
adonis Joined: 22 Oct 2005 Posts: 10258 Location: ALASKA 1044.81 Dollars($)	Posted: Tue Apr 22, 2008 2:43 am    Post subject: Like 0 Dislike 0 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. _________________ Procrastination is the enemy of your financial success

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