 Realestate Contract: Can a home owner back out on a sale if they have signed a contract to sale? |
| We have signed contract to purchase a home from an individual; They are having trouble closing on their new home and are still living in the home we have signed to purchase. If we pay the sum total ... |
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 Buy a cheap house or rent a nice apartment? |
| I'm at a cross roads. For a while I've been thinking about not pissing money away every month and jumping into the market. The problem is that my income situation does not allow me to make ... |
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 I've had a valuation done on a property...? |
| and it said under the general remarks "The property has undergone a degree of structural movement. However this is considered to belong standing in nature and the risk of further movement taking ... |
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 Question regarding terminating a lease early? |
| I wanted to terminate my lease early. I asked the property management company if I could buy out my lease. They agreed. I would pay them 4 months rent on the remaining 11 month lease. Will they still ... |
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 How to scupper a housing development in the UK? |
| It's rumoured that high-density housing developers have bought the garden of the house opposite us. Does anyone have any ideas of sneaky/clever ways in which we and the neighbours can scupper ... |
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 The housing market has CRASHED - can prices fall by 40%? |
I just had to wipe 25% off my 500k house to sell IN LONDON... sold for 371,000 on friday 25th.
Be in no doubt that the market HAS CRASHED as Kinley reported a 9% fall across south london in past ... |
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 What do you need to rent an apartment at the age of 19? |
| i'm 18 n my boyfriend is 19, we're trying to move out on our own. n we want to know what we need in order to take that step.... |
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 Stuck in ARM,What can i do to avoid foreclosure? |
| my payment went from 1500$ month to 2800$month over 3 year period, can`t afford to pay that amount and pay all necessary bills and credit cards so didn`t pay credit cards now my credit score is below ... |
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 My roommate has no payed her rent. If she is on the lease and doesn't pay, can i kick her out? |
| The landlord requires the rent in one check. My roommate and I had a fight over two months ago, but she still wants to remain mad at me after I apologized (even though I dont think I did anything ... |
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 Can other members of my family claim rent from the house i live in as it is part of a family inheritance?!? |
| been living in the house for 8 years with my father when he passed away. i have continued to live in the house, rent free while the estate is sorted out but another member of the family is ... |
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 Mold in my apartment with infant, manger wont help!? |
| I live in Sacramento, Ca. { If that helps in any way } Me, My husband, and Our 11 month old son have been living in these apartments for almost 2 years, we transfered to a 2 bdrm about a year ago due ... |
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 How much does your rent or mortgage cost you every month and what type of home do you live in.? |
| i live in an apartment in Phoenix and i pay $635.00 per month (one bedroom) i think that's pretty cheap for housing, I'm curious as to what other people shell out every month for there home,... |
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 I think I want to work in real estate, but I don't want to be a realtor. What else can I do? |
Additional Details
BTW---I did not give all those thumbs down. Not sure who Mr/Miss Cranky is.... |
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 I'm breaking my lease. Can they make me pay anyway? And how? |
| The landlord and I had a "gentleman's agreement" that the one year lease could be broken if I decided to get married within the lease, which is the case. Now they are saying I have to ... |
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 If they credit crunch has resulted in a fall in house/property prices, why is this a bad thing? |
I have noted that a recent result of the global credit crunch is its affects on the property market.
I have learned that house prices have fallen recently.
However isnt this a ... |
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 I need a 1 BR in San Diego for less than $700? |
| Does anybody know of a 1 BR apartment in southern San Diego for less than $700?... |
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 Foreclosure vs bankruptcy? |
| I have a house in CA and my primary home is in TN.What will happen if I have to forclose on home in CA, will I lose my cars? my primary home? and No I did not use anything such as my cars now or my ... |
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 Starting a career in real estate...? |
| I am thinking of starting a career in real estate. I know the housing market is in a state of decline and credit standards are becoming tight. As a result, commissions are going to take a dive for ... |
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M S | Trying to buy my first home? |
I'm a single, working mom who is interesting in buying a home. My credit is okay, but have no money for a down payment. This will be my first home. Are there any programs for first time buyers? Can I get away without a down payment? |
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S C
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Yes, most states offer programs for first time home buyers which include downpayment assistance and/or a discounted interest rate mortgage. Check the site below to see if your state has a program available.
Some states (such as Louisiana) also offer special programs for single parents.
Good luck! |
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Primdiva
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The better your credit, the better your chances are of getting a loan with no down payment. The only way you will know for sure is to contact a bank, or mortgage broker. They will run your credit and should be able to tell you right away if you will qualify for zero down. The FHA loan is really good for first time home buyers, but requires 3% down. So, even if you can't quality for zero down, 3% is not that much, only $6,000 for a $200,000 mortgage. You should also check out www.hud.gov, and website for the state you are living in. There are many programs available that offer grants that will cover the down payment. Just be sure you have money for closing costs, if you don't have that either try and get the sellers to pay the closing cost. A lot of sellers will do this if their house has been on the market for a while. |
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Todd S
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Unfortunately things have changed for the worse in the last six months. There used to be a ton of 100% financing programs available, but now that the subprime market was been shaken, many banks and lenders now consider 100% financing a risky loan.
You can still find 100% financing, and your best bet might be a government loan such as an FHA, or VA loan if you were in the military.
Aside from finding financing, I highly recommend you learn as much as you can about the process to ensure you can negotiate once you find a lender.
Learn a ton about mortgage at: http://www.thetruthaboutmortgage.com |
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nha
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Sometimes you can get away without a down payment, but the financing that you would get on such a loan might not be as good as the financing you would get if you had even a little bit to put down for down payment. You should evaluate all the types of loans that you qualify for.
Some companies (generally larger ones) have "Employer Assisted Housing Programs" where the company gives you money towards a down payment or to help pay mortgage fees. You can ask at your company if they do something like this.
Some states and towns/cities within the states also have local home buying assistance programs, where you can get help with down payment or loan fees. Check here for more info:
http://www.hud.gov/buying/localbuying.cfm
In general, the government's Department of Housing & Urban Development (HUD) webpage has a lot of useful information for people looking to buy their first home:
http://www.hud.gov/buying/index.cfm
Good luck! |
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Colly
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You can always go with 100% financing - if you qualify. But that usually means a higher interest rate. There are lots of programs, and if you have a good mortgage broker, they should be able to find one that meets your needs. |
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Buffy Summers
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Most cities have programs for first time home buyers, but the problem is finding them. Try going to the biggest bank in your area and asking. If they can't help you, ask for a referral to a mortgage broker. Ask for one with an FHA guarantee for a lower rate. |
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Martin S
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I may be able to help. Contact me whenever possible
513-860-2940 ext 10
msmith@premierloangroup.com
Martin Smith |
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Americasgirl
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Yes , Yes, and Yes... I am also a first time home buyer and almost have my house.. they even have a thing called a homestead plan.. i don't pay any taxes just by living there ask a bank or search the on-line banking you can learn alot just by using the search engine. |
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FozzieBear
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There are lots of ways to buy a home without a down payment, and there are lots of perks for first-time home buyers. Discuss it with your mortgage agent/banker.
The laws and programs vary too much from state to state to give more detailed information.
I don't think you get any perks for being a single mom. You already get great tax breaks that are being paid for by childless people. Don't be greedy.
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