New financing options that could Help...
if you are a first time home buyer, or fall in the low or medium income level, searching for a home for sale that you can afford. Bank of America is offering an attractive new loan under it's "Neighborhood Solutions Program", whereby they can assist with grants up to $10,000 to close, and borrowers do not have to repay the grant..
This Program is to be offered nationwide soon. Check with Bank of America Loan Department or your favorite lender to verify the above information & for details.
Two other new mortgages are being introduced by Fannie Mae: "HomeStyle Renovation Mortgages" and "Homestyle Energy Mortgages ".
If you are looking for a home within your budget and you find one but needs some renovations , Fannie Mae's Homestyle Renovation program will finance your renovations as part of your mortgage up to 97% combined.
The other Program Homestyle Energy Mortgages will give you the opportunity to turn a home you find & want to buy into an energy efficient home , and that includes Solar, Windows , Water System and a lot more. Fannie Mae could finance your combined mortgage up to 97%.
Check with your favorite Bank or Lender to verify & for details.
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