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Cadre, I actually bought my first home through one of those programs. They're affiliated with HUD. I found them by going to my city's website and they had info there for first time home buyers. They put down twenty-one grand for me and I put down four. Knowing that they would also fix up the house a bit before I moved in, I bought a house in a good neighborhood that was a bit rundown. So I was able to get the house about $30,000 below what the land is worth. I'm also getting my mortgage at 5.5%. While I'm paying more than I was in rent, I'm still doing pretty well. You see my landlord hadn't raised rent on us in 8 years of living in my apartment. The mortgage I'm going to be paying is less than moving into a new apartment of the same size.
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