ACORN Housing: First-Time Homebuyer Program
The housing market is soft. It’s a buyer’s market for real estate. According to the news, it’s a great time to buy a place. Or, it would be if the lenders weren’t in such great trouble themselves.
So the lenders are now more conservative and setting higher standards for the loans they approve. Can you still get a great deal?
The boyfriend and I went through ACORN Housing’s Homebuyer Program last year, and I can wholeheartedly endorse it. This not-for-profit agency offers first-time homebuyers a no-cost education/counseling program–with the end result being a loan approved for a higher amount, with a lower or waived down payment, and at a better rate than you would be able to get on your own.
I remember paying for the credit check, but that was it. You don’t have to be ready to buy to start planning ahead. If you have a bad credit history, it would help to get in touch now, because their people will tell you how to raise your scores so you can get better terms when the bank paperwork actually goes in. I’ll have more details later.
Read the rest of the series:
Discussion Area - Leave a Comment