Not necessarily grants but there are neighborhood revitalization programs for certain depressed neighborhoods. There is also a NACA loan with 0% down that could apply, though it may not be the most easy to work with. There is a workshop you would have to attend to get started. Check the link attached or contact me for details.
the question was, " What is the difference between interest rate and APR? Can I negotiate the APR down?
Answer is Yes, You can negotiate your interest rate and the fees that you are being charged...If that mortgage company says that is their bottom line, call em on it, take their intial fee worksheet and shop it around... more
Listen to your loan officer/lender and or ask your attorney the question--at least 51% of the units need to be owner occupied--see link for additional information.