I know there are a lot of first homebuyers programs out there but does anyone have any suggestions of any that are really worth the time. We really don't have any money to put down and can't afford too much.
216718
actually I would recomend a known bank.  For me I made the mistake of going through a mortgage company and ended up refinancing less than a year later. Wachovia is a good bank, Chase I know a few people that have mortgages through them and there are other banks even small local banks that usually give you a great deal and the great service.
601451
Go to realtor.com and check out houses with section 8 already in place your get an income with that leave your taxes for that property and invest in more houses in the end your have a large portfolio of properties it will give you time to do the things you always wanted to do. Check out Rochester NY there's lots there.Don't do the programs if you can start with little down for a mortgage.These programs maybe a scam so be careful.
408277
Contact fannie mae (www.efanniemae.com)  they have recently added some programs for their MyCommunityMortgage thing that is meant to help people like yall.  I work at a mortgage company and we have been able to get people in homes when they had bad/nocredit no savings no down payment no assests. Youd be surprised what you can get if you go through the right lender. good luck!!!
267260
Hi 90802!\nNow that the housing market is finally looking up, it's the perfect time to seek out a new place to live. This summer you need to shake off that "lucky I even have my folks to live with" mentality, polish up your shoes, and explore your living quarters options! There are fun, flexible, fantastic places out there just waiting for someone like you!\nNow, get out there and pound the pavement. Beat on some doors until you latch onto that incredible tree house or fort you always wanted!\n(I heard the LongBeach area is a great place to find a cardboard box near a dumpster behind the pizza joint?)\n-Kenny
648387
What the heck...you again?\n\nI bought my first house at 25. It was 80k...I had no down payment and at the time I think I was making around 28k. The first year was a struggle. But 2 years later...I am making 37k and it is much easier. I don't have to worry about if I can eat well this week. If you have the 50-100k saved for down payment, I would think you are safe as long as you are making 50k+. It all depends on what you are making at the time of purchase and if you are comfortable with it. Don't buy an extravagant house (even with down payment) if you think you will struggle. It's not worth it. Life is too short to be stressed over a high mortgage and bills. When you have a steady and decent income, buy a smaller, cheaper house to start. You can always sell it. Most houses go up in value (unless it's a real dump in the ghetto) and you will likely make money. I thought about selling mine and going bigger, but I'm not ready for the struggle and I really don't need it. I just want it. But that's just more to clean and a bigger lawn to mow. I would start small. If you can afford it now...buy a small house. At least you will be investing your payments toward something that is yours and that you can always sell for profit. Rent is investing your money for someone elses benefit. I'm glad I bought mine. I was scared at first, but it was well worth the investment. the house across from me (same size and design) just sold for 11k more than I paid for mine. And mine was brand new when I bought it. So it's nice to know I can always sell for more than I paid for.\n\nEDIT: Sorry! Just another thought. If you are married or have kids at that time your income will obviously need to be much more. Probably in the 80k range for that kind of house. I also don't spend money on worthless things and I have no kids or husband, so most of my money goes into savings and towards the mortgage. I see my friends who are married and have kids struggle because they tried to buy too big. And another friend who bought kinda small, but still struggling. Her husband owns his own business...so their income is not always the same or steady. They make good money, but they got themselves into something they can't really afford. Just keep in mind that if you are married (and especially with kids) that they will have needs and wants that cost money. Your priority will not be a monsterous house. Dang...was my friggin' answer long enough? I'm gonna quit typing now. I ramble too much sometimes. Sorry!
525305
Depends on the state you are in. Check with your bank first. They might be willing to do it. Most lenders won't want to mess with that. A land/home package would be better and get you a better interest rate.
53888
If you are going for a large home in a high priced market, you will probably have to wait longer than three years unless you are extremely aggressive to get your loan paid off first.\n\nYou might be able to improve the wait by looking to buy a small home in a moderate market. You can build up equity and turn around and sell it later for a bigger and better home that is more in line with your long term goals. Most real estate advisors suggest planning on a minumum two year stay in a home before equity begins to pull ahead of the costs you cannot recover (closing costs, inspection fees for insurance, etc). \n\nDo be wise in the selection of the home though. It is really easy to make a poor choice and end up with a home with a significant hidden structure issue or in a neighborhood that turns the corner and house values plumet. The costs of repair can actually set you so far back that it would have cost you less to have rented. If you decide to go for an older home (50 or more years), do have an electrician inspect the wiring before you buy. We asked all the right questions of the previous owner and he outright lied - We asked if the wiring was three wire and grounded. He told us yes. Once we moved in, though the outlets were three prong, only two kitchen outlets had a ground wire even present. This is a critical safty issue and many appliances will not function without it such as a surge suppression battery back up for a computer. My husband ended up rewiring the entire house. Once he got into the wiring, it was so poorly done he just scrapped everything. We were fortunate enough that he had the skills. We didn't have to pay anyone's time. But just the copper wire itself was over $600.\n\nOne good area to look to invest is on the outskirts of a rapidly growing city. Often what is a countryside purchase where it costs less to buy will soon be engulfed by a city's expansion and have an enormous increase in property value.\n\nOne last parting note, do check into government programs to assist first time home owners. You will never again be a first timer. Though your future potential income will be well above the typical candidate, these programs look at where you are now. Just starting out like you are, you will probably quilify for grants. The main disadvantage to trying to go through these programs, beside the paperwork and wait, is that your selection of homes will be smaller due to the many restrictions. Look into Fanny Mae (not sure if this is the spelling), HUD (risky neighborhoods to invest in. Be careful), ... There is another one but I can't remember the name of it. It is the best one too. Do a bit of internet research. I bet you will come across it.
330062
From my experience, absolutely from a home owner. My husband and I just bought our first house this week from an individual.  We had several bad experiences with our realtor. Just alot of underhanded bidding within his real estate firm.  Plus, they take that 7% commission rate.  So, when the real estate co prices houses, they usually up the price to account for this. \nIf I had it to do all over again, I would not get a realtor to help in my search.  Look in your local newspaper, homes for sale books, search the web. It took us almost two years to find a house, just keep looking. I would explore both options though. Just do the looking yourself and save yourself some hassle.
511488
Talk to your bank, and talk to a loan broker.  I have used both with good results.  Your real estate agent should be able to suggest a good loan broker; that's how I found mine.  He put together a reasonable package (it wasn't cheap), and two years later we refinanced into a much more reasonable mortgage.
103161
Try going to a realtor and asking about places that can help you with a low interest loan for your home. They often know of programs that you could be eligible for. <*)))><
492873
It's probably a lot of stupid stuff they will make you explain, like a late payment, a gap in employment, that sort of thing.  First-time homebuyers have to jump through hoops for financing.  The best thing is, if you execute it perfectly for the next several years, the very next mortgage you apply for will happen almost effortlessly.
35973
I attended a workshop given by the USDA. It seems they have loans available for little or no money down. To me, it seemed like a very good program. Try this website for more info. http://www.rurdev.usda.gov/
309776
Depends on how much you are needing. Second mortgage on the house maybe (if you have one). Anything of value. Is your vehicle paid off? Just shop around. You can find a good deal with some shopping. Just remember, if it sounds too good to be true...it always is.
16509
I've read most of Kiyosaki's books and found them to be sound advice rooted in reality and not in selling seminars like many of the current crop of real estate gurus. I've bought real estate with no money down long before I read Kiyosaki's books (or even Robert Allen). When I bought my first 3 unit building I was living in my car and working on commission only. Keep in mind, the real estate IS the collateral, along with your good credit. If you have no substantial income, consider finding a partner, or group of partners who do. I used to split real estate purchases with another individual who would qualify on the loan with me. I managed and maintained the property while he just supervised. Kiyosaki's advice is some of the best out there if his objectives truly appeal to you. Remember, Poor Dad was content just being just an employee and I know many people (the majority probably) who prefer that life. For that matter there is no reason you can't do it both ways, especially if you understand Kiyosaki's advice about smart money.
573329
Here is an article I wrote about today's buyers market:\n\n2006 Year of the Buyer!!\n\nLets start with some facts from year 2005. Last year, we had a strong economy and we also enjoyed very low interest rates. Interest rates were the lowest in 2003, even though they have been creeping up each year gradually, the combination of low interest rates and strong economy fueled the housing boom; which seemed to have ended in 2005.\n\nFor 2006, seller’s need to keep in mind that the party is over. If you were holding onto your property in 2005, hoping to make more money in 2006, I got news for you: “You missed the boat.” But there are many things you can do still to enjoy the profits from the sale of your home like fixing up your home, replace that old carpet, repaint the house, etc, etc.\n\nI hope my readers (sellers) don’t think that I am trying to put them into panic mode. I am just trying to make you understand that in most areas you cannot hope to sell you home for the same price you could have sold in the middle of 2005. Prices have dipped a little and they are taking longer to sell but we still have a healthy normal market, which is where we really needed to be. Last couple of years were not normal markets, it was mainly a seller’s market but it got out of control in some areas of the country where they saw too much appreciation for their own good.\n\nI am NOT telling you that the market “bubble” is going to burst but it is definitely deflating and this my friends, will give buyers a very good chance to get a good deal on a home.\n\nPurchasing a home is an excellent investment, the Government subsidizes it, we still have low interest rates and over all Real Estate is the best investment you can ever make in your life.\n\nIf your are currently thinking but have not yet decided to buy a home, you should know that by the end of the year interest rates will be close to 7%, therefore you need to be very well prepared and do your homework early.\n\nIf you are currently thinking bout selling your home, understand your local market and do the fix ups and repairs needed to entice homebuyers and remember that buyers don want to spend more money on a home after they bought it.\n\n*********************\n\nYou can also find an article about the so called "buble" in the Real Estate market I wrote back in November 2005 and still stands\nFollow this link http://jrealestate.blogspot.com/2005/11/real-estate-market-bubble-burst.html
310845
Hi Christian!\nNow that the housing market is finally looking up, it's the perfect time to seek out a new place to live. This summer you need to shake off that "lucky I even have my folks to live with" mentality, polish up your shoes, and explore your living quarters options! There are fun, flexible, fantastic places out there just waiting for someone like you!\nNow, get out there and pound the pavement. Beat on some doors until you latch onto that incredible tree house or fort you always wanted!\n(I heard the esperanza area is a great place to find a cardboard box near the dumpster behind a pizza joint?)\n-zealnik
59687
My best advice would be to start by opening a new credit line.  Paying your bills on time and saving as much as you can.  Credit can be a bummer when it comes to buying a home.  Good luck!