Great. I'm glad that it's a useful thread. Yes, it is a drag to not be able to take part in the government programs. Shoot, what makes them think that we have all of this money to make a downpayment, etc. I will look into countrywide. I just found a problem with my credit report that I pulled (I haven't seen it since 6/06) so now I have to try to take care of that. Meanwhile, I'm trying to start trying to pre-qual so this is going to hold up the process b/c the problem makes my score lower than usual.
I wonder if there is a way to just use income for the loan qual. Is that a stated loan? Have to look that up.
What do you guys think of 80/20 setups? I'm scared of interest-only loans so that's not an option. Thinking about the 7/1 ARMs too.
Anyone have any experience with any of these?
SC
Quote:
Originally Posted by jubilance1922
Great thread SC....I'm also looking to buy my first home, and unfortunately I make too much to take advantage of any local govt programs.
I'm going to check out that NACA org.
A soror of mine also told me that Countrywide Loans has a program for first-time home buyers, either a lower interest rate or no closing costs.
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