Good Day 19144:
There are numerous programs that offer grant money in exchange for educational programs that a buyer needs to participate in about all things home ownership oriented to qualify.
If you have a credit score of 660 or higher and meet income limits you may be eligible for a PHFA first and second loan. The second loan is "silent" and may be forgiven or paid when you sell and it goes to cover the closing costs. The first loan works essentially like an everyday mortgage product.
All these options aside, I usually get money for my clients when negotiating a deal for a purchase that has the seller paying a large chunk of the closing costs. Different loans have different requirements. You need a good agent for the this process. Did you know that the seller pays the commission fees for both the buyer and sellers agent? A buyers agent is essential, every deal is different and you need someone experienced on your side.
If you need an agent contact me on email@example.com
Ana Barlow, Coldwell Banker Preferred