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Can down payment assistance be aquired when buying a bank owned property?

Asked Sat Apr 26 2008, 13:48 by Jennifer San… - Citrus Heights - Home Buying - 9 answers

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My co-worker borrowed funds to hold them on deposit. The funds were verified so she could qualify for her mortgage. It was easy to get the loan with no credit check because she agreed to just hold the funds on deposit. Then she got a down payment assistance program to make her down payment for her, and she just gave back the deposited funds loan proceeds to the lender. It also helped her credit. I know she got the loan with creditloader dot com, but I don't know what kind of down payment assistance she used. Can anyone recommend a down payment assistance program that is still widely accepted? - Mon Jun 30 2008, 17:59

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