Does any one have any information on first time Home Buyer grants?

Asked by The Pierre Team, Fresh Meadows, NY Sun Mar 4, 2012

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Barbara E. N…, Agent, Oceanside, NY
Mon Mar 5, 2012
BEST ANSWER
I worked with buyers who used LIHP, here is the link to their website http://www.lihp.org/
Web Reference:  http://www.BarbaraNowak.com
0 votes
Nathan Wolf, Agent, Charlotte, NC
Sun Mar 4, 2012
BUY A HOUSE BEFORE YOU BUY A CAR!

Car payments affect your Debt-to-Income Ratio-- the amount the bank will allow you to borrow.

So, you can buy a better house. Sometimes TWICE as much!

Then, as a "homeowner" you will actually qualify for more and better rates on your car purchase. Because banks and car dealers look at home owners as more stable and qualified borrowers.

SECOND: There are down payment programs with up to $8000 in free money in most states for first time homebuyers. And there are tax credits of up to $2000 PER YEAR through the MCC Tax Credit.

THIRD: Hire a Buyer Agent REALTOR. They work for FREE for homebuyers, and they get paid because their fee is already in the price of the house. If you DONT hire a Buyer Agent REALTOR, the Seller's Agent makes a double commission! So, hire YOUR own Buyer Agent Realtor, and get some good advice.

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Give me a "BEST ANSWER" or "THUMBS UP if this answered your question. Thanks!
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Web Reference:  http://natewolf.com
1 vote
allan erps,A…, Agent, Pearl River, NY
Sun Mar 4, 2012
Try USDA as I currently hae one in Contract
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