need help with a down payment for home can my mortgage company help?

Asked by Money, Daleville, AL Mon Oct 13, 2008

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5
Richard Garza, Agent, Anniston, AL
Mon Oct 13, 2008
The answer is yes. The state of Alabama also has programs such as the Alabama Home Assistance at http://www.ahfa.com/default.aspx?page=dpa

Your mortgage company would be the one to give you additional information that suits your finanical needs.
1 vote
Hugh and Eva…, Agent, Enterprise, AL
Fri Oct 22, 2010
Some mortgage companies offer 100% financing, but you can also get a gift letter for all or part of the down payment.
0 votes
Jim Brooks, , Birmingham, AL
Thu Oct 23, 2008
Downpayments are not a problem in some areas. There are 2 ways to go with this today. One is a rural development loan where the property has to be in a rural area with income restrictions and the other is an FHA mortgage with a grant for the downpayment. The FHA is less restrictive on income and property location. Call me if you would like 205-443-0086.
0 votes
Jim Brooks, , Birmingham, AL
Tue Oct 14, 2008
Yes. There are still 100% mortgage loans available in some areas and there is some bond money still available for help with the down payment.

If you would like to give me a call.

Jim Brooks
The Home Loan Guys
205-586-5626
0 votes
Barry Lynn M…, , Trussville, AL
Mon Oct 13, 2008
You have several government programs to assist with Down payment give me a call at 205-338-5555 or visit my site at http://www.barrylynnmiller.com

You only need 3.5% for FHA and there are some lenders that will finance that as well


Lynn Miller
0 votes
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