first time home buyer: City of Huntsville Down Payment Assistance Program - 12/22/15 05:11 AM
I got a call from the listing agent on XXXX told him you were holding off on purchasing for awhile and that your sister suggested an offer of $75,000 with seller paying your closing costs ($3,000). He said he thought the seller would accept that offer. Since the Federal Reserve raised the prime lending rate we are expecting loan interest rates to increase. FHA rates today are 3.75%.  If we combine an FHA loan and the City of Huntsville Housing Authority Down Payment Assistance Program  your total monthly payment would be around $458. There are no monthly payments on the down payment assistance program and you never … (0 comments)