You need a lender who knows how to work with cities who have down payment money. There is local money available, as well as the National Stabalization plan from the Federal Govenment. Programs vary by city or county but have the money your clients need to buy that home. It's a pretty simple process dependent on income, counseling time, and credit. You don't even need a home picked out before you apply. A good loan officer will help you get the necessary paper work together for your client to apply. The National Stablization program offers higher income levels but has strict purchase price criteria.
Laura Kostyo is a real estate and mortgage professional. You can reach her at 480-694-8807.
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