by Scott Schang
November 3, 2009
Down Payment Help
Updated today 3/9/09: I called today, funding is available.
First Time Homebuyer Program
The First Time Homebuyer (FTH) Program provides low- and moderate income first time homebuyers with a “silent” second mortgage. Silent second mortgages require no monthly payments until one of several events occur at a point in the future.
Designed to fill the gap between [...]
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by Scott Schang
November 3, 2009
Down Payment Help
First Time Home Buyer’s Program
The First Time Home Buyers Program consists of a $50,000.00 (Fifty Thousand dollar) down-payment assistance, zero percent interest loan that is forgiven after 20 years. The program takes into account family size, family income, citizenship/ permanent residency requirements, as well as a maximum property price of $494,000.00 (Four Hundred Ninety Four-thousand). [...]
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