Home Buying in Stamford>Question Details

Carla, Home Buyer in Stamford, CT

i am a first time home buyer. do i need to have 20 % down ?

Asked by Carla, Stamford, CT Sat Apr 4, 2009

thank you

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4
Hi Carla.

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:
http://www.hdf-ct.org/firsttimehomebuyers.html
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.

Best,
Len Schwartz
203-912-5254
Web Reference: http://www.LeaveItToLen.com
1 vote Thank Flag Link Sun Apr 5, 2009
Hi Carla

What area are you looking to buy? I have a lender offering special financing on my home in Enfield CT. Go to realtor.com look at MLS G529596 and then give me a call to discuss it

Carla
(LOL - yes I am also Carla)
0 votes Thank Flag Link Wed Jun 10, 2009
Good Morning Carla,
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
0 votes Thank Flag Link Sat Apr 4, 2009
GREAT QUESTION:

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%

Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sat Apr 4, 2009
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