nassau county has a down payment assistance program. try looking into that. I beleive the amounts given are based on your income, price of the home and the size of your family

You could explain your situation with the seller, ask him/her to carry back financing with a 6-month balloon, and do a rate/terms refinance--instead of obtaining new financing--with your lender.

Will you be able to get any more money by the time of closing? Do you have any money in a 401K or other type of retirement plan? If you do, you can take some of that money out - without paying a penalty only the usual income taxes - for the purchase of a primary residence. You may also want to see if there are properties out there where the seller may act as the bank and hold the mortgage. I would suggest that you contact a good mortgage broker and then hire an agent to represent you in the purchase. A little bit of creativity may go a long way in your case. I am a certified buyer representative and would be pleased to assist you. Good luck.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com

Speak to any qualified loan officer and see exactly what your budget can handle and take it from there.

Quite possibly. If you are a homeowner in Nassau County there is grant money available that can be used towards a downpayment. There are qualifications that must be met,.

If you want information, contact me and I can put you in touch with the people who can give you the details.

Thanks

Donna Galinsky
dgalinsky@pugatch.com
516-317-9253