You're asking two separate questions. There are no first time buyer home credits being offered by the Government, those programs expired years ago. Different states do occasionally have first time buyer programs, we have them here in North Carolina, I don't know about Georgia, you will need to Google, Georgia First Time Buyer Programs and see what comes up.
Personally I would not advise looking for homes where the Seller is willing to finance you. To begin with there aren't going to be many and the only reason for a Seller to offer this is because they can't sell their home. Secondly, in most cases sellers offering owner financing are extremely savvy and are looking to take advantage of less savvy home buyers. They will charge you above average interest rates and their "contract" will definitely favor them. If you do go this route I would advise you to have an attorney review it before you sign anything.
visit the neighbors and ask them . is there glass between You and the cashier at the gas station. use Your own tuition we are not allowed to dicuss the make up of the population nor make up of the schools under the federal law... more
does Your family member have E&O insurance if they miss something can you go after them for the neglegence Have them both do the inspection or live with out the protection of a Licensed inspector. Your family members word can not be used generally to ask for repairs and may not even be allowed on the property due to liability
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As has been stated below, your loan officer should be able to explain the difference to you but one other safeguard that has not been mentioned yet is the new federal guidelines under HERA (Housing and Economic Recovery Act) that require the original Truth in Lending annual percentage rate (APR) and the final one at closing to be within 1/8 per cent of each other. Items that can trigger a violation of that requirement would be a higher loan origination fee, underwriting fee or other lender fees that were underdisclosed originally. So, if certain items in the closing costs are higher than they were originally disclosed to you, the lender is required to re-disclose to you three days prior to closing. So, in addition to checking the original GFE, you should also take a look at the Truth in Lending form and compare original and final APRs... Thus if here is a signficant difference in the APR, the extra $1200 may be a function of the closing costs. If not, it could be other items not associated with the loan, such as some of the items mentioned below...Hope this helps....Sam Thompson, Home Services Lending, Atlanta....... more