Asked by Disabledann, Fairfax, VA • Fri Jul 13, 2012
I posted once before but since I have more information now I thought I would post again in the chance that someone will be able to help.
I'm interested in purchasing a condo for $170k. I would need to
obtaining an FHA loan for $140k. I only make $18k/yr (which is tax exempt) but because I receive monthly support from my family I am able to afford higher monthy payments than I normally would be able to.
I have $30,000 to use as a down payment if needed. I have a co-signer/co-borrower with fair credit and although she only earns approx 40k/yr she has a lot of assets/collateral.
I have been told by social workers that there are government grants designed specifically for people with disabilities to pay down payments. But I need to find someone that can help me navigate all of this.
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