how long is the waiting list?

Jess Valley
Other/Just Looking
rummford me

we are allready on section 8 and are interested inbuying a home

Answers (2)
John & Charlot...
Agent
Livermore Falls, ME

Section 8 applies to rental, not home buying. Our local banks have many programs to help people get into homes with assistance, either with the loan program or the seller.

Wed Feb 18 2009, 05:22
Dana Schuster
Agent
70461
FIRST ANSWER

Section 8 is a rental subsidy program..it is not intended to assist in home purchase. if you have a good income,2 year work history and sufficient funds to cover down payment,closing costs,taxes,insurance & home maintenance you need to contqct a reputable local mortgage broker to find out if you can qualify for a home loan. FHA will require a 3.5% down payment & not is FICO driven,but a conventional loan will require at least 20% down & good credit.

Tue Feb 17 2009, 07:02

Didn’t find what you were looking for? Ask a question!

Search Advice & Opinions

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback