Hollywood,

No offense to my able colleague, but I have clients with less than a 585 credit score obtaining the NSP funds. Further, they are using the funds first for rehabs and the remainder for the down payment on foreclosed properties. It is true that the funds may only be used for foreclosures, but there is so much more involved than that. Please see the flier to the left of the screen at the link below entitled Neighborhood Stabilization Program for more information and then call me.

Thanks
Solomon Greene
REALTOR® / HUD-Certified Affordable Housing Consultant - Keller WIlliams Realty Atlanta Partners
(678) 775-2677

First you have to qualify 620 Credit score or better:

Then:

1. Buy a home that is 15% under valued.
2. Make sure the seller is willing to do the appraisal on their end (part of the agreement).
3. Buy a FORECLOSURE, REO type home - no short sales, no "investor owned"
4. You can only use the money for the downpayment, nothing else.

Call Lachetta Pattterson at 770-846-0159 for more details.