Free money from the government to buy house?
I’ve heard stories where people get free money to buy house as a first time house buyer and middle class rank…let say the house is worth 500k, with the government’s aid, you would only have to take out a loan for 250k or around there and the government pay the other share for you and you don’t have to pay it back. if you decide to sell the house, then that money you have to pay back, but other than that, the money belong to you if you live there for more than 10 years?
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May 28th, 2010 at 3:10 pm
Well I never heard of that getting 250k sounds strange but don’t take me word on it. I have seen some large grants lol
What i do know about is called Ameridream program which is a program to get you a down payment its for people that fit the criteria.
This is there link. they help low to mederate income and first time home buyers.
You wont get 250k lol but you might get a down pmt in place of 5% or 10%. PS: do some grant hunting here is another site its a big site explore it. It might help its the government site for housing and urban development
Look for grants and down pmts and low income loans and ect!
check out the “dollar homes” on the hud site cause that sounded promising to your situation. Good luck and happy hunting
I wish you luck!
May 30th, 2010 at 12:32 pm
No such loan. The government does not buy houses for you. And if they did why would they let you buy a 1/2 million dollar home and pay for 1/2. Get real.