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2012: The Year for First Time Home Buyers


first time home buyers 2012

October 2012 update: Find out how to become a 2013 first time home buyer here.

>>> Update: Find out why 2012 is also the year for home improvement loans. Also check out the video below for some 2012 first time home buyer credit tips.

Low interest rates, low prices, great's definitely the year for first time home buyers. In fact, did you know that interest rates are at 60-year lows right now (for most buyers*)? With rates below 4% for some loans, it's a shock to those who remember paying 12-15% interest rates in the past. Those low mortgage interest rates alone may sway many borrowers into at least considering buying a house. Couple that with low prices from dropping values and foreclosures, and you have yourself a buyer's market. First time home buyers have several mortgage loan options when it comes to tackling this buyer's market. Let's look at a few scenarios.

You have the HomePath mortgage option to help buy Fannie Mae-owned properties - often below market value. Fannie Mae owns properties all over the country after the foreclosure wave of the last few years. But it's not in the business of holding properties. Fannie Mae would much rather see qualified home owners in these houses. That's why it offers HomePath financing. You can get into a lower-priced home with a smaller down payment than other loan options. It's great for buying that first home.

You can use FHA 203k to buy a foreclosed or vacant home and fix it up, turning it into exactly the home you want. A recent study shows many home buyers are putting thousands of dollars into more recently-built homes to add their own taste and style to them. You can do this, too. Or if you find a house that needs some TLC, you can have the work professionally done and finance the work directly into the mortgage. The FHA 203k covers a lot of improvements from required (like flooring, mold removal, lead-based paint abatement) to desired (new appliances, new windows, a deck).

You can use a USDA rural development mortgage to get into a home with no down payment. No down payment does not mean you can't get a house. You can buy a house with 100% financing if the house falls within the USDA guidelines for "rural." This doesn't mean you have to live way out in the country in an old farmhouse with no neighbors. Rural actually covers smaller towns and villages, townships and other areas that may surprise you.

Check out the video below for some 2012 first time home buyer credit tips:

These option and low interest rates make for a great opportunity to get out of those apartments and rental houses and become a first time home buyer in 2012. Get started by downloading "The Essential Guide to Buying Your First Home" at the button below. 


*Interest rates and fees are based in part on FICO credit scores. The higher your score the lower fees and rates you will typically pay in the financial and lending world.

(2012 photo courtesy: Flickr user Dan Moyle)


Buying new homes is not easy. We have to plan carefully so that we can get the dream home we wanted to, which Realtor can able to help you of buying an affordable home. There are many real estate business on the web that you may choose to help and guide for buying your new home.
Posted @ Friday, January 13, 2012 7:46 PM by Calgary New Homes
Thank you!
Posted @ Tuesday, March 13, 2012 9:17 PM by Timetope Y Okubadejo
It's great year for all and first time home buyers. Interest rates are at it's lowest and the prices are down low. Some are giving bonus refund on taxes.
Posted @ Thursday, May 10, 2012 3:07 AM by Daisy
In addition to the great options mentioned above. I have helped many families receive down payment assistance. In some cases, my buyers only put down $500 and recieved an intrest rate of 3.75% Definitely worth looking into.
Posted @ Tuesday, June 12, 2012 4:54 PM by Humbert
My boyfriend and I were told that there was not a first time buyer incentive program in the state of FL what they had they stopped last month. How do I find out if that is true and how do I get info on it.
Posted @ Wednesday, June 13, 2012 11:53 AM by Patricia
@Patricia - There are definitely first time homebuyer programs for the state of FL. AmeriFirst is located in FL and I would be more than happy to discuss the options for you whenever you are ready. Give me a call at 850-926-4044 and I know we can help you out.
Posted @ Monday, June 18, 2012 9:52 AM by Cynthia Thomas
I am looking at a home for 99,900 in summit county, OH. I have average credit, and can afford around 5k in a down payment. The home is eligible for HomePath financing and HomePath renovation financing.  
What would my first steps be towards purchasing this home, and I'd like to get the renovation loan, as it has an inground pool that is in need of some TLC and some other issues I'd like to fix up as well. I've read your first time home buyer guide and your HomePath renovation guide, but it's always nice to actually talk to someone.
Posted @ Monday, June 18, 2012 12:46 PM by Jeremy Hurst
I wish to be a first-time homebuyer in the near future. I have located a home that is HomePath renovation mortgage eligible, and I'd like some direction as to where I should start. I've read the first time home-buyers guide here, as well as the homepath renovation pdf.  
I would like to make use of the renovation loan, as this property has a few things in need of some TLC, such as the in-ground pool. 
I have average credit (650-700 range) and I'd like some assistance on getting this home. Are there any good assistance programs for first time buyers in summit county, ohio?
Posted @ Monday, June 18, 2012 12:51 PM by Jeremy
Jeremy - I'd be happy to pass your information along to our branch in northeast Ohio (which you can find here ). 
HomePath, HomePath Renovatio nand FHA 203k are all great options for first time home buyers. It looks like your credit range is also in a solid area, so that's good. I'll get a mortgage consultant in touch with you soon Jeremy. Thanks for the questions. 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Monday, June 18, 2012 12:53 PM by Dan Moyle
Me and my wife are looking to buy our first home later this year she has great credit I have avg credit we live in pa people tell us that since we both make over 60,000 a year that there are no programs that can help us in buying our first home is this true and also we hav seen a couple houses that we are looking at around the 200,000 mark please help
Posted @ Saturday, July 14, 2012 8:34 AM by Rich
Rich - first let me say that AmeriFirst is not licensed in Pennsylvania, so any advice we give is general, and we're not able to help with your specific situation. With that said, FHA loans should be up your alley as long as you have the 3.5% down payment and your credit scores qualify. So the folks saying there are "no programs" may not realize that FHA could be one option. 
Best of luck in the process!
Posted @ Monday, July 16, 2012 10:09 AM by Dan Moyle
hi im currently a police a officer in columbus,ga i found a home for a 129.000 with fannie mae home path my wife and i make approx 64,000 together with average credit score we dont really have any money for a down payment ..what would you recommend
Posted @ Tuesday, July 31, 2012 7:01 PM by sam
ive just bought my first home but before i moved in someone stole the furnance and copper pipeing and just guted the hole house i am lo9w income and need help plzzz
Posted @ Monday, August 13, 2012 10:35 AM by melissa
Have you reported this to the police? Do you have homeowners insurance? You should talk to the police and your insurance agent. If your mortgage is with AmeriFirst, call the loan officer who helped you to see if they have other ideas.
Posted @ Monday, August 13, 2012 11:14 AM by Dan Moyle
Posted @ Monday, August 13, 2012 4:28 PM by MARIE JOSEPH
Hi Marie, 
I would be more than happy to help you get started on purchasing your new home. What is the best way to reach you? Do you have an email or phone nuber you can provide? 
Posted @ Tuesday, August 14, 2012 10:24 AM by Cynthia Thomas
My son is trying to purchase his first home. I have $40k for his donw payment and he qualified for $200K. He can't afford more than $1K a month with taxes. What is the best type of loan for him. 
Posted @ Wednesday, August 15, 2012 1:29 PM by Peggy
The answer depends on a few things. One great option with that kind of down payment is simply a conventional 30-year fixed rate mortgage.  
If your son wanted to save some of that down payment to use for other things around the house, he could use FHA with 3.5% down and save the rest of the money. 
If you'd like to have your son talk to a mortgage consultant about his specific needs, visit our office locator page to find the branch nearest to him: <a> 
Thanks for the great question!
Posted @ Wednesday, August 15, 2012 1:38 PM by Dan Moyle
I Wamt to pay a house in Virginia fairfox my credit it a bout 650 but I have no Down payment ,i make 25000, any advice pls? 
Posted @ Friday, August 24, 2012 2:30 AM by Tarik_elbo@hotmail. Com
Thanks for the comment and question. With little cash on hand, USDA rural development *might* be a good chance for a buyer. This link could help there:  
Since we're not licensed in VA, it's simply an idea of a place to start for you. State or federal grants may also help.  
One final thought: rent for awhile and save up cash for a down payment while increasing your credit score. It takes time and effort, but it pays off in the long run. Best of luck!
Posted @ Friday, August 24, 2012 9:02 AM by Dan Moyle
Posted @ Tuesday, September 04, 2012 8:06 PM by ANTWAUN
Depending on your state, you can get the application process started here:  
A mortgage consultant can look at your credit and let you know what your plan of action should be. Thanks for reading!
Posted @ Tuesday, September 04, 2012 8:28 PM by Dan Moyle
Are there any tax credits for first time home buyers who have purchased in 2012?
Posted @ Sunday, September 09, 2012 1:56 PM by James
Thanks for the great first time home buyer question James. Unfortunately no, there aren't any tax credits like that available.  
The tax benefit comes from writing off the mortgage loan interest paid instead of specific tax credits.  
Have a blessed day. 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Monday, September 10, 2012 12:53 PM by Dan Moyle
I am a first time home buyer with $2000.00 and would like to purchase a house in Fort Lauderdale or somewhere close by. My credit score is about 650. Is there anyway I could get some assistance?
Posted @ Tuesday, September 11, 2012 11:33 AM by Carlene Rowe
Hi Carlene. 
Good question. Home buyer assistance varies from city to city, and state to state. With so many options, it's not something we monitor on a corporate level. It looks like your credit score is pretty good for most mortgage options though. So you might be looking at just waiting a few months and saving up some more cash. Another option might be USDA Rural Development. That's a 100% financing option available in certain geographic areas. 
Unfortunately, our branch in northern Florida is not able to properly service the south Florida area. I apologize for the inconvenience, and I wish you the best finding a southern Florida lender. 
Dan Moyle, AmeriFirst Home Mortgage
Posted @ Tuesday, September 11, 2012 11:47 AM by Dan Moyle
Hi,my husband and I are looking to buy a home. I want to build our home and found a homebuilder with great prices and want to apply for the FHA loan. Our income each month grosses about 7,500 dollars however I have only been on my job for about two months. I recently graduated with my Nursing degree and I didn't work for the four years that I was in undergraduate school because the nursing program was difficult. Do banks normally finance homes for new nurses?
Posted @ Saturday, September 15, 2012 5:47 AM by Tomeka
My husband and I are looking to buy a home, but have gotten nowhere on finding any down assistance programs in AZ. I've asked questions about them and gotten ignored. We found a house that we like that appears to require some fixing up. Are there any assistance programs in AZ?
Posted @ Monday, September 17, 2012 1:01 PM by Rachael
Tomeka: Your financing will be based on credit score, proof of income, length of time at employer and that kind of information, as you already know. As far as your particular situation, it sounds like you may have a good chance at getting financing, but a mortgage consultant would be able to tell you for sure. If you're in our area, I can put you in touch with someone. Or you can look at the office locator here: 
Rachael: The FHA 203k might be your best bet for remodeling a fixer upper. As far as assistance goes, this AmeriFirst is not licensed in AZ so I'm not sure what's available to home buyers in your state. Here are a couple of websites that may help: 
Thanks for the great questions! 
~Dan Moyle
Posted @ Monday, September 17, 2012 1:10 PM by Dan Moyle
Hi, my husband and I are in need of help fast. He is on disabilty and makes 1500 a month. We found a house that is Fannie Mae Homepath Renovation preapproved for financing but they don't offer it in KY for doublewides. I have been told that he could do a 203k loan for it..but we don't know who does those types of loans in KY. We also need help with a Down Payment. We need info for how to find and get approved for Down payment assistance. The house we r looking at is a forclosed doubwide in Owe, Ky ad needs some work and city water hooked up. Please help if anybody knows how to find out the info, thanks.
Posted @ Wednesday, September 19, 2012 9:08 PM by Amanda
hello. I'm a single mother and would like information on first home buying programs. I am a RN and work full time. The house that I am looking at will need a new furnace.
Posted @ Thursday, September 20, 2012 7:17 AM by crystal
Hi Crystal. Nurses keep the hospitals running, don't they? Thanks for all your hard work on top of the job of being mom. 
Depending on where you're located, we can certainly help get you started. I'll shoot you an email to get started! 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Thursday, September 20, 2012 7:19 AM by Dan Moyle
I am an Rn looking to buy my first home in Georgia. Need help with the process.
Posted @ Tuesday, September 25, 2012 4:38 PM by ronny
My husband and I own a condo west of Orlando, Fl (8 miles outside the back door or Walt Disney World). It is paid for free and clear. We would like to relocate to either North Carolina or Tennessee, possibly Sevier County or Nashville area if we could find someone in the same situation that we are who would like to either swap homes, etc.
Posted @ Friday, September 28, 2012 4:12 PM by Diane Howell
I am looking to be a first time home buyer in either Illinois (South-suburbs) or Indiana (Northwest). I have about 4000 saved u for down payment would would rather not have to put it downso I can save and fix up. I am not looking for a fixer-upper though. I could really use some help. I heard about the 10K grant for first time buyer, any info?
Posted @ Tuesday, October 02, 2012 3:41 AM by Khalilah Muhammad
Grants are doled out by individual foundations or possibly local governments. We don't have a list of all of those that might be available. However, if you're looking in the northern Indiana or Illinois areas, we have branches in both that can help you and will better know the specific area. Each AmeriFirst loan officer is licensed in a specific state, so you'll need to be in touch with that branch. You can find our office locator here:  
Just click on the state for information on the branches. Thanks, and best of luck!
Posted @ Tuesday, October 02, 2012 6:31 AM by Dan Moyle
We want to buy our first home. We have no down payment. My husband makes 22k per year. I stay at home with our son. We are 2 years out of chapter 7 and my husbands score is 635. How should we proceed?
Posted @ Saturday, October 06, 2012 9:56 AM by Heather
2012 is the best time to buy your dream home as mortgage rates sets the new trends. Mortgage rates are still dropping down and who are waiting for more down in rates should lock in their desirable home purchase. Local townhouses for sale in Toronto
Posted @ Monday, October 08, 2012 2:14 AM by Octavian
Heather - 2 years discharged from bankruptcy should be okay (provided house was NOT in the bankruptcy) as long as the credit score pulled is 640 or higher. At least that's the general standard. If you'd like to talk to a mortgage consultant to make sure you're on the right track, here is our office listing page:
Posted @ Monday, October 08, 2012 8:39 AM by Dan Moyle
We just closed on our home on September 21st. We didn't know anything about the 203k, before purchasing the house, but we are looking to do some home repairs as soon as possible on the house. Can we still do this type of loan?
Posted @ Wednesday, October 10, 2012 6:58 PM by Elaine
While it's possible, it's not necessarily probable. The answer really depends on what kind of a loan you got when you purchased your new home. If it was the standard FHA 203(b) loan, you could refinance into an FHA 203k(k), but you would have to bring closing costs and MIP to the closing table. That could be expensive! It’s possible you could do it but it would take some out of pocket expenses. If we knew what market you were in, we could refer you to a mortgage consultant for some true numbers. You can also find that information here: 
Thanks for the great comment!
Posted @ Thursday, October 11, 2012 7:08 AM by Joe Daly
I'm a single mother with three boys, make 63,000 as an RN. I qualified for loan 135 k . . I currently have 7,000 for a down payment I live in Texas. are there any programs I qualify for? my lender told me I make too much for programs. First time home buyer and most of it is very confusing
Posted @ Monday, October 15, 2012 9:15 PM by Mercedes
We'll send you an email. Firstly, we're not licensed in Texas so we'd have an issue addressing local programs. Your lender my be correct there. But we'll shoot you a more personal note. Thanks for the comment.
Posted @ Tuesday, October 16, 2012 6:18 AM by Dan Moyle
I want to get out of a marriage and have rough credit, due to him, I do have some good credit. I have no money but I want to get out into my own home. I get paid some monthly for watching my grandbaby. somebody please shed some light..I really need help.
Posted @ Tuesday, October 23, 2012 11:36 AM by melinda
Hi, I currently live in OR but I want to move and buy a house in Orlando Fl. I have some issues with my credit. one is 660 another one 616 and last one 508 and the reson is that the last one is not being reported by my creditors. I need help to get better info about my options and I rather to deal with somebody from FL. also another issue is, I only being on my currently job for a month but is in the oil field and my gross income is 3100 every 2 weeks. Can you help me to get a better view of where am I standing? Thank You.
Posted @ Wednesday, October 31, 2012 9:38 PM by Sergio
Your credit scores seem to be on the way to mortgage-ready. Keep in mind that if you got those numbers through a consumer website, they will likely differ when a mortgage consultant pulls them. Sometimes the consumer numbers are actually lower. As far as the employment time, that may be an issue but it could be solved with other documentation possibly. Here's what I suggest: contact our Florida branch at 850.926.4044 or find them here: 
That branch can help make sure you're on the right track. Thanks for the great questions and best of luck! 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Thursday, November 01, 2012 7:37 AM by Dan Moyle
My daughter is a first time home buyer interested in a foreclosed home. 20 year old home, in a great area, problem is the furnace and AC, water heater, along with every door jam and piece of trim have been removed from this home. Could a FHA 203K help her with purchasing this home.
Posted @ Tuesday, November 13, 2012 9:05 AM by Cindy
Cindy -  
The FHA 203k can certainly help finance the furnace, AC unit and water heater replacement. It would also likely cover the other repairs and renovations needed. If you'd like to find an AmeriFirst 203k specialist near you, here is our AmeriFirst office locator. You can also email me and I can help find someone. 
Dan Moyle 
AmeriFirst Home Mortgage/Marketing
Posted @ Tuesday, November 13, 2012 9:33 AM by Dan Moyle
My fiance and I are looking to purchase a home very soon. I have a credit score of 677 and have recently gone through the application process with my bank to acquire the USDA loan. All requirements were met, however I only started establishing credit about 10 months ago and I only had 2 lines of credit at the time.I just recently opened the 3rd line. I was told that I had to have 3 lines of credit. What can I do now? Is there any way around this? I'm afraid the home we have our eye on may be sold if we continue to wait. Thanks Eric
Posted @ Sunday, November 18, 2012 6:50 PM by Eric
Three trade lines are typically encouraged, yes. Especially with a shorter credit history. However, sometimes that 3rd line may be non-traditional. Talking to a specialty mortgage consultant might benefit you in this area. If you're interested, email me ( ) and I can put you in touch with a consultant. 
Sometimes it really is a matter of time, which may end up meaning the first house you find won't be the home you end up buying. that's why we highly recommend pre-approval before house hunting - so you know where your credit stands and yo're not disappointed by losing out on a house you find. If we can help, let us know. 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Monday, November 19, 2012 8:53 AM by Dan Moyle
Hi guys, I am currently engaged to be married on 8/10/13, of which we were hoping to return home from our honeymoon into our first home. My credit is 581, 586 and 478. I make around 43k yearly and my fiancee makes around 33k but her score is near 800. She has one credit card w a high credit limit, 1 car and a motorcycle. She and I have both work w our same company for almost 2 years. We are hoping to purchase a home around 150k in st. charles mo. We currently dont have any money saved up for a house yet. Any advice??
Posted @ Monday, December 03, 2012 7:11 PM by Terry and Landy
Terry and Landy, 
Not to sound too sales-y, but I would suggest talking to a mortgage consultant to see what they say about your standing on debt and scores. You may need to spend the next 6 months paying off debt and saving as much as you can. Or they may say the great credit score of one person will carry the both of you through to home ownership.  
Check out our office locator map to find a branch near you here: <a> 
You can also fill out a pre-approval request if you're in one of our licensed states here: <a> 
It sounds like you're on the right track! Thanks for the great question. 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Thursday, December 06, 2012 11:41 AM by Dan Moyle
My brother is trying to purchase his first home. I have $50k for his donw payment and he qualified for $160K. He can't afford more than $1K a month with taxes. What is the best type of loan for him.Plz tell me...
Posted @ Monday, December 10, 2012 11:56 PM by First Home Loan
I would suggest talking to a mortgage consultant. They would be able to help a specific situation like your brother's. If you're gifting a $50,000 down payment, then he's probalby pretty set for a conventional mortgage. Best! 
Dan Moyle
Posted @ Tuesday, December 11, 2012 2:26 PM by Dan Moyle
I was in a critical search of a genuine loan lending company were i can obtain a loan of $200,000.00 USD some lender’s that Came to me sheep clothing i never know they where fraud until i was given the terms of their loan and i agreed eventually i was scammed, they scammed me of my hard earn money up to four lender’s, i was scammed the sum of $37,000.00 USD and i though that all is over that there can never be any other genuine lender until my Friend Mr. Garrett Lugard the general manager of Cotsat and cotsat company told me that there is a genuine lender that he obtained a loan of 500k Dollars At 3% interest rate From that makes him own a private business and a house of his own, he Referred me to a company GeorgSmith Investment & Company ,E-mail:, Where he obtained the loan of ($500k Dollars) i told them how he referred me to them, i applied for a loan of $200,000.00USD after my application and i sent to them the useful information for them to process my loan after 8hours i received a notification From their company that my loan has been approved and processed in the next 48hours my loan of $200,000.00 Dollars was transferred into my account. And i promise them for coming to my rescue i am going to spreed the good news to the entire world ABOUT GeorgSmith Investment & Company IS THE BEST IN THE WORLD.
Posted @ Saturday, December 15, 2012 5:10 AM by GeorgSmith Investment & Company
Hello, I have a couple questions as a potential first-time home buyer in NE Florida. If I understand my research, I believe we would qualify for the Florida First mortgage with Florida Assist available (up to $7500) for closing costs, etc based on our household size (4) and yearly income (about $58000 between my husband and I). His credit score is somewhere in the low 700's, mine is near 780. We have one debt, a $371 monthly car payment. 
My questions would be: we don't have anything saved for a down payment (incl. closing costs, appraisal/inspection fees, etc), and due to our income/outgo I don't forsee being able to save anything (current rent is about $1026/mo if you're curious). Does the DPA mentioned above help cover those costs? Or are we restricted by the fact that we just don't have savings, even though we have very little debt? 
I'm really hoping to make this home ownership thing happen, based on how much we're currently paying in rent, and what kind of houses/prices are currently available in our area, homes seem like the better option. But I always stop short when I realize we don't have the liquid cash for the down payment/closing/inspections/etc. 
I appreciate any insight you're able to give.
Posted @ Wednesday, January 02, 2013 8:45 PM by Jennifer
Hi Jennifer,  
Thanks for all your great questions regarding how to get into a new home without much money out of pocket. As you know there are several programs to help borrowers obtain homeownership that can assist with closing costs, down payment, etc. It sounds like you and your husband are right on track with purhcasing a home. I will email you to start a discussion on the options available to you.  
Looking forward to working with you!  
Cynthia Thomas
Posted @ Thursday, January 03, 2013 9:39 AM by Cynthia Thomas
This is the first time I try to buy a home and also I have no credit due to my student loans, can i still apply for this or can i get any help? 
Posted @ Tuesday, January 08, 2013 2:40 PM by edilberto aponte
I would suggest talking to a mortgage consultant about your credit. Alternative documentation can sometimes help when a credit history is sparse. However with student loan debt, time may be a better bet as you pay down that debt. Head to our office locator page to find a branch near you to contact. Thanks for the great question. 
Dan Moyle 
AmeriFirst Home Mortgage
Posted @ Tuesday, January 08, 2013 2:52 PM by Dan Moyle
My husband and I are wanting to purchase our first home with some land from a friend. But my husbands credit score is 580 and mine is 569- (i am only 20 and don't have really any credit at all other than my car that I currently am financing.) We seem to keep running into dead ends...we are trying to repair our credit and save up some money for a down payment... but it seems hopeless! Any advice?
Posted @ Wednesday, January 23, 2013 9:27 PM by Tylr
Those are great steps you're taking. Your situation seems to be a fairly common one - a lot of us have debt we're trying to pay down or off while saving up. The good news is, it's not hopeless. 
Celebrate the small victories. Pay off the smallest debt then the next one then the next one. Or get all of your credit cards down below 30% of their limits. You can learn more with our free credit guide here: <a> 
Getting mortgage-ready takes time and hard work. Be patient and persevere. 
One side note - did a mortgage consultant pull your credit for you? Sometimes your score varies depending on the kind of credit pull you've had done. A consumer pull is always different, and it can vary from a car dealer to a store to a mortgage bank. I would suggest talking to a loan officer to make sure you know where you are. 
Thanks for the comment! 
Dan Moyle / AmeriFirst Marketing & Media 
**I am not a licensed loan officer or financial adviser. This is only a suggestion - talking to a loan officer is the best idea.
Posted @ Thursday, January 24, 2013 7:58 AM by Dan Moyle
Nice read! I like the suggestions.
Posted @ Tuesday, October 29, 2013 4:50 AM by Daniel
Hi, I would like to know if you have any information on the Housing Choice Voucher, Keys To Home-Ownership Program here in Michigan? How do they qualify someone on SSI disability to get a mortgage? MSHDA publications claim that SSI/Social Security recipients with a Housing Choice Voucher (HCV), are eligible to use their voucher to purchase a home instead of renting one!!!! Any and all information would be helpful!!!!! Thanks!!!!
Posted @ Wednesday, November 13, 2013 5:13 PM by D. johnson
We can certainly look at qualifying you for a MSHDA loan using your Social Security income. As far as the HCV you would have to talk with the state, but as long as the payment is made each month regardless of where it comes from you should be good with your mortgage lender.
Posted @ Monday, November 18, 2013 10:01 AM by Dan Moyle
I am a first time home buyer, I have been pre-approved. I am having a hard time finding a realtor that can help me and also a banker that can explain what I can what are my options as a first time home buyer.  
I currently reside in fl. Thank you.
Posted @ Friday, December 20, 2013 12:25 PM by Aremi Cervera
You can talk to our Florida branch at about your options. They'd also have Realtors to refer you to, as well. Thanks!
Posted @ Friday, December 20, 2013 12:34 PM by Dan Moyle
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