downpayment assistance: Mississippi Down Payment Assistance for Foreclosures
- 09/04/09 04:11 AM
Mississippi Down Payment Assistance for Foreclosuresby Pam SimpsonThe Kudzu Vine Mississippi Home Corporation (the same non-profit that handles the MS bond money program) has rolled out a program to assist homebuyers in purchasing a foreclosure. This program is called Home Buyer Advantage. Elgible homebuyers must plan to use the property as their primary residence and must complete an 8-hour homebuyer education class. The household income cannot exceed 120% AMI (Area Median Income). Here is how the income limits break down for Northwest MS counties: 1-person 2-person 3-person 4-person 5-personDesoto: $48,550 $55,500 $62,400 $69,350 $74,900Marshall: $38,900 $44,450 $50,000 $55,550 $60,000Panola: $35,200 $40,200 $45,250 $50,300 (0 comments)
I have personally had several buyer-clients use this program with the result of being able to get into a home with no funds out of their pocket............... ............................ ..................... .............................. FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates FOR SELLERS: Pricing, Selling Tips LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS (0 comments)