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Single Parent Homebuyer Assistance

Mortgage Library: Ask a Mortgage Related Question: Answers: Single Parent Homebuyer Assistance

Question:

I have found several 'single parent' downpayment grant companies and need to know what to look for in a legitimate company.

C. B.

Universal City
Texas

Answer:

Very good question. Hard to say exactly what to look for. Any program offered by a community housing department is likely legit.

There are plenty of "legitimate" programs that don't really offer you anything for free, they are just a way to finance down payment or closing costs through seller contributions and increased sales prices. While these are legitimate, they aren't free. Usually they're referred to as Down Payment Grant programs or Down Payment Assistance programs.

Call me if you'd like further information or would like to discuss a particular program.

Rick Lanicek
PrimeLending, A PlainsCapital Company
17950 Preston Rd Ste 50
Dallas, TX 75252-5759
(972) 705-9721
(800) 256-0817 Ext 202
Mobile (214) 552-6125
eFax (972) 692-7260


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