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raeanna74 · 06-03-2004, 04:58 PM

We saw the bank today about getting a home loan. We found out what we'd need for a down payment and know it would take us a while to get it. We'd need about $1,500-$3,000 in down payment. The loan officer told us that there are a number of grants out there to help with down payments. Some are government grants. Some work in such a way that the seller has to "donate" the same amount to the government fund and sometimes sellers will figure that into the selling price so that they aren't really out that amount. I think that would be ok with us since even though we'd be paying interest we'd still be putting equity into the home. Just as long as the selling price wasn't more than the value of the home.

What I'm asking here is if any of you know about grants or where to start to find out about them. I intend to do some researching on the internet too but I thought I'd get the question out there and see what you all could come up with too. Kindof cover all the bases. Any tips?

06-03-2004, 04:58 PM	#1 (permalink)
raeanna74 I'm not a blonde! I'm knot! I'm knot! I'm knot! Location: Upper Michigan	Housing Grants We saw the bank today about getting a home loan. We found out what we'd need for a down payment and know it would take us a while to get it. We'd need about $1,500-$3,000 in down payment. The loan officer told us that there are a number of grants out there to help with down payments. Some are government grants. Some work in such a way that the seller has to "donate" the same amount to the government fund and sometimes sellers will figure that into the selling price so that they aren't really out that amount. I think that would be ok with us since even though we'd be paying interest we'd still be putting equity into the home. Just as long as the selling price wasn't more than the value of the home. What I'm asking here is if any of you know about grants or where to start to find out about them. I intend to do some researching on the internet too but I thought I'd get the question out there and see what you all could come up with too. Kindof cover all the bases. Any tips? __________________ "Always learn the rules so that you can break them properly." Dalai Lama My Karma just ran over your Dogma.