The days government assistance programs aren’t as easily found as they were a few years ago, but home buyers can still get mortgages with little to no money down if they know where to look.
From down payment assistance grants to interest-free second mortgages and other special mortgage programs, there are a number of options for home buyers who want to buy a home without a down payment.
You still need to have decent credit and all of your income has to be thoroughly documented.
Often, potential home buyers have what it takes to qualify for a mortgage, but haven’t managed to save enough for a down payment, or simply don’t want to spend all of their savings on a down payment. Meanwhile, money from the many types of down payment assistance programs, available through state and local housing agencies, goes unused because home buyers think they don’t qualify for help.
When you think of down payment assistance, you think of would-be home buyer that are income challenged, but these are not just for low-income folks. They are for working people who make a decent income but don’t have enough to save for a down payment.”
Home buyers generally can earn 80 percent of the median income in Honolulu county to qualify for various down payment assistance programs.
For instance, the threshold for a family of four in Honolulu is $76,650. Would-be home buyers can often qualify for down payment assistance, soft seconds and grants whose income doesn’t exceed this amount and income vary based on family size, so click on the link to find out if you qualify.
We’ve provided a few resources you should contact to find out about available funds, but down assistance programs come and go, so reach out to any of our community members who post on this topic to find out what’s currently available.
Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Non-Warrantable FNMA FHLMC FHA VA USDA Approved Condominiums Co-Ops Town Homes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes Real Estate Brokers & Agents Down Payment Assistance
A SIMPLE HOME SHOPPING INSPECTION TOOL
Organizing your home shopping experience affords a wise decision-making process. This simple home inspection tool makes your ultimate buying decision a smart one. To print this document, click on “Open in New Window” located at the lower right corner; click on “File”; then click on “Print”. In the center of the screen, you will have the option to “Create A Printable PDF of the Presentation”.
96801 96802 96803 96804 96805 96806 96850 96807 96808 96809 96810 96811 96812 96813 96814 96815 96816 96817
96818 96819 96820 96821 96822 96823 96824 96825 96826 96827 96828 96830 96835 96836 96837 96838 96839 96840
96841 96842 96843 96844 96846 96847 96848 96849