Category Archives: Down Payment Assistance
15 JanDrop Your Rate from 5.5% to 4% – NO JOKE!
Would you like to drop your mortgage rate from 5.5% to 4%? Crazy question, right? In Colorado, qualified homebuyers can apply for the Colorado Housing and Finance Authority (CHFA) Mortgage Credit Certificate (MCC) to do just that. That was a mouthful! Everyone knows that their monthly payments for the first several years of their home [...]
Read More ...08 JanDon’t have a lot of money for down payment?
(All stories shared on Lending A Hand contain fictitious names with changes to insignificant details. The privacy and trust of our customers is our top priority.) I received a call from a customer who was interested in a condo and wanted a maximum monthly payment of $1,000. We’ll call him Gaston (obviously a fictitious name). [...]
Read More ...03 JunTax Credit for Down Payment
On May 12, 2009 Cindy posted about the possibility of using the tax credit for down payment on FHA mortgages. At that time we had shared that “We have to find out if there are any government agencies or non-profits in your area are willing to provide this financing AND if they have funds to [...]
Read More ...13 MayTax Credit for Down Payment…..the Rest of the Story!
Just like the Lone Ranger might say to his horse, Silver…..WHOA! Here is what is being left out of the press releases that you need to be aware of…….HUD/FHA can approve the ability to allow the borrowers to use the government tax credit toward the down payment, but who is fronting the money? Where Will [...]
Read More ...11 MayGet Your $8,000 Tax Credit Now!
One of my customers contacted me to discuss methods to be able to use his $8,000 Federal Tax Credit for purchasing his first home in 2009. I would like to share the details of our conversation with you so that it may assist you in the case you are a first time buyer looking to [...]
Read More ...07 JanAre You Eligible for the $7,500 Housing Tax Credit?
Did you know that you may be eligible for a $7,500 tax credit if you purchased your first home (even if you were not a first time home buyer, you may still be eligible – so read on) in 2008 and into 2009? Well, it isn’t exactly a tax credit, but it is a still [...]
Read More ...18 NovMoney for Buying a Home
Money, money, money. Money is normally one of the biggest obstacles that stops renters from buying their first home. I don’t think that would be the case if they knew there was money available to assist them with down payment. The great thing is that there is just one website that you need to know [...]
Read More ...12 NovForeclosure Help is On the Way
Fannie Mae, Freddie Mac, Bank of America, J.P. Morgan Chase, HSBC and CitiMortgage are a few of the mortgage industry giants working to provide relief to homeowners who are behind on their mortgage and have very little, if any, equity in their homes through a streamlined mortgage modification program. Many of the large news stations [...]
Read More ...