Federal grants help get people into homes
I had a client try to utilize this last year. She decided to work with the Urban Housing League as the non profit supporting the program. I would suggest using another non profit. Buyers can take the educational class before finding a home. Get it done early. This money is usually first come, first serve and goes quickly. Plan on a 60 day close of escrow as well. Sellers (bank foreclosures) are very reluctant to accept offers utilizing this program as there are frequent delays and hiccups in the program itself. Not all mortgage companies sponsor the program either.
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