There are a number of federal and state funded financial assistance programs available for first time home buyers of modest and moderate incomes. You may even qualify for a no-interest down payment loan.
I would recommend you visit this site:
and sign up for an orientation. It's free and they hold them a few times a week in Stamford. Once you attend the orientation they will assign you to a counselor who can help you get your application together. They will also introduce you to their approved lenders. All of this is free and not well known by the public.
I recently had a client take advantage of these programs and she bought a lovely home in the Springdale area. If you want, I can put you in touch with her. She was very satisfied.
In any case, you should contact the Housing Development Fund (phone # on site) and ask them about their programs.
Good luck. Yes, you CAN buy a home or a condo, if you have a strong credit score.
This is Charlie Nedder from Weichert Realtors Stamford CT. If you are interested in what types of mortgage products would be available to you, I am happy to introduce you to my Gold Service Manager, Iliad Estrada. There is no fee or obligation to speak with Iliad, as a full service real estate company, it is just one of the many services that Weichert provides to every customer. Feel free to give me a call at 203-524-4303 and I will be happy to make the introduction. If you will be in the Stamford area today 4/4/09, I am holding an open house at 45 Dora St from 1-3pm...stop by and say hello. For more information about Weichert and Charlie Nedder visit my website at http://WWW.CNEDDER.COM
Difficult to determine till you work with a mortgage broker who can review all our financial records, credit scores, employment history, much more.
Downpayment vary from 3.5% up 20%
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer