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I got info on the down assistance for suffolk county too. I didnt get an exact time. All I was told is that they take the first 400 applicants. I don't qualify because we dont have a min of 3yrs W2's
we turned in our application on monday.
i'll update on how it works.
i'm a bit worried that the processing will take too long;
unexpectedly we are nearing agreement on price on a house. it's happening quicker than i though.
I asked at LIHP about expediting, and they said if a need arises, they'll try.
it'd be nice to get, but I don't want to count on it, thats for sure.
I got info on the down assistance for suffolk county too. I didnt get an exact time. All I was told is that they take the first 400 applicants. I don't qualify because we dont have a min of 3yrs W2's
I will be applying as co-applicant with my husband as the primary. He has the 3 yrs w2's, but i do not (was a full time student and not working). Do BOTH have to have the 3 yrs w2's? If so, should I not put myself down as co-app and just have my husband down?
I applied for this and was approved. I went through the entire process of filling out paperwork and sending them tons of paperwork (bank statements, paystubs, w2's, etc....) once you get approved you have to go to a one day class.
I ended up NOT taking the money....you MUST live on the same property for 10 years or else you have to pay the money back. It's pro-rated so if you live there for 5 years, you have to pay back $10,000. it wasnt worth it for me since I bought a co-op and only plan on spending 4-5 years there. If you're buying a house and know you'll be there for 10 years, you should apply.
I applied for this and was approved. I went through the entire process of filling out paperwork and sending them tons of paperwork (bank statements, paystubs, w2's, etc....) once you get approved you have to go to a one day class.
I ended up NOT taking the money....you MUST live on the same property for 10 years or else you have to pay the money back. It's pro-rated so if you live there for 5 years, you have to pay back $10,000. it wasnt worth it for me since I bought a co-op and only plan on spending 4-5 years there. If you're buying a house and know you'll be there for 10 years, you should apply.
Thats weird because it doesnt say that AT all in the paperwork. What it does say is it must be repaid upon sale or refinancing so you technically should not be getting any money for free. The only thing that is free is the 8k tax credit. Where is this info coming from?
Has anyone completed this program? After your approved and have all your paperwork in I heard the check only gets cut once a month on the 3rd.
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