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Home Buying in Humboldt : Real Estate Advice

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Tue Feb 28, 2012
Nathan Wolf answered:
Do you have 20-percent Down Payment? Most people do not. If not, then FHA is the best loan available.

If you qualify for an FHA Loan, it is usually the best option. You only need 3.5% Down Payment. AND there are down payment assistance programs and Mortgage Credit Certificates available to help if you dont have the 3.5%.

You will need less money, less credit, and have a better payment in most cases.

Most banks offer FHA Loans.

I would suggest you call a REALTOR, who can recommend a banker they have worked with to help you get qualified. Ask them to make sure if you qualify for Mortgage Credit Certificates and Down Payment Assistance.

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Thu Apr 29, 2010
John Juarez answered:
There has been absolutely no movement to extend the Federal tax credit for home buyers beyond its current expiration date.
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