|
08-30-2007, 09:11 AM
|
|
Junior Member
|
|
Join Date: Aug 2007
1 posts, read 2,400 times
Reputation: 14
|
|
Need help information about first time home buyer with no money down.
Hey,
I want to buy my first home in philadelphia and I would like to get information about purchasing a home with no money down with a FHA loan and programs such as Nehemiah. If anyone has been through the process can you give share with me your experience or even step by step information. Thanks!
|
|
09-04-2009, 03:10 PM
|
|
Junior Member
|
|
Join Date: Sep 2009
2 posts, read 1,025 times
Reputation: 10
|
|
Unfortunately most of those programs such as Nehemiah grant has all been suspended however there is a great company that has helped me and a large number of other first time home buyer with purchasing there first home. They have a number of programs to help with down payment assistance & closing cost assistance. The website is GandJInvestingProperties.com I hope I was able to help out… |
|
09-04-2009, 03:15 PM
|
|
Junior Member
|
|
Join Date: Sep 2009
2 posts, read 1,025 times
Reputation: 10
|
|
If there any one out there who is interested in receiving the $8,000for being a first time home buyer please fill free to contact us G&J Properties LLC (215) 455-0791 the dead line is November 30 2009 exactly 90 days don’t miss out on this golden opportunity to purchase your first home an receive $8,000 from uncle sam!!!!
www.ganjinvestmentproperties.com |
|
09-05-2009, 08:11 AM
|
|
Senior Member
|
|
Join Date: Jul 2009
225 posts, read 67,105 times
Reputation: 76
|
|
|
I suggest .. live within your means and start saving.
You might find someone desperate to sell who may finance, but, will still need cash to close and move.
These no money down deals are few and may be suspect.
|
|
09-05-2009, 08:36 AM
|
|
Real Estate Agent
|
|
Join Date: Jul 2008
Location: Philadelphia
67 posts, read 29,331 times
Reputation: 62
|
|
Quote:
Originally Posted by lankimlon
Hey,
I want to buy my first home in philadelphia and I would like to get information about purchasing a home with no money down with a FHA loan and programs such as Nehemiah. If anyone has been through the process can you give share with me your experience or even step by step information. Thanks!
|
There are no programs out there where you can get a mortgage with no money down. You can either find a lender that understands how to use the tax credit towards settlement or go PHFA which you can get $5000. towards settlement. No matter what you will need to come up with 3.5% down for a FHA loan. If you have any questions do not hesitate to contact me. |
|
09-05-2009, 09:51 AM
|
|
Senior Member
|
|
Join Date: Apr 2009
1,124 posts, read 426,346 times
Reputation: 876
|
|
|
3-5% is probably the cheapest you can get a mortgage if your credit is good.
The days of 100% financing are gone.
|
|
09-06-2009, 10:18 PM
|
|
Member
|
|
Join Date: Sep 2009
Location: Philadelphia,PA
15 posts, read 4,715 times
Reputation: 16
|
|
Quote:
Originally Posted by yukiko11
3-5% is probably the cheapest you can get a mortgage if your credit is good.
The days of 100% financing are gone.
|
Basically.You have to have super good credit to do that and with this person being a first time home buyer (most likely a young person) I doubt they have great credit.That comes with years and years of paying stuff off on time. |
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
