So I'm buying a house for the first time with my sister. We're using it as a primary residence for now with the intent to rent it out down the line. we started applying for a mortgage loan this week but are wondering how we can get grants/aid or assistance for being first time home buyers. "ask your realtor" isn't really much help to us since we're using a broker that focuses on investment properties (family friend) who is brokering the deal for 1% and has little to no experience with first time home buyers.
I've already looked up a lot of programs that I qualify for within my state, but logistically have no idea how to actually get them.
Is this something we ask lenders before applying?
Do we ask after applying for a mortgage?
Is it just cold calling banks to see what programs they have? anytime I try to talk to a human about it at banks they just say "apply online"
any help or advice appreciated.
In case it comes up- 35k down on a 240k house that's worth 300k in this market and county assessed at 260k. credit over 750 on both applicants. have plenty for closing costs, etc. TX.
Submitted May 10, 2021 at 03:30AM by rargafad https://ift.tt/2RaNqm2
