Home Buying in 10451>Question Details

Cara, Home Buyer in South Bronx

Are there any first time home buyer assistance programs for coop buyers? I need downpayment assistance.

Asked by Cara, South Bronx Mon Sep 15, 2008

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Join a HomeBuyer's Club or First Time Buyers Club - available at many banks but I remember HSBC most.

They match your savings account for a downpayment, and help prove you'll be a good buyer. The city also offers a program, but it's got quite a few strings attached - but if you're low income it's worth looking into.

Here's a state resource: http://first-time-home-buyer-s.com/first_time_home_buyer_gra…

Here's a city resource: http://www.nyc.gov/html/hpd/html/buyers/downpayment.shtml

Take a good state-approved class in buyer education, and consider HDFCs, which are cheaper and need less money down. Visit the Urban Homesteading Assistance Board site for more.
Web Reference: http://www.uhab.coop
0 votes Thank Flag Link Wed Feb 11, 2009
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