A new home ownership program allows qualified buyers to buy a home with a zero or very low down payment.
You may have owned a home before and are presently renting, or maybe you are a first time homebuyer and need a way to break into the housing market, but held back because you thought you required $20,000, $30,000 or even more for a down payment. Well, regardless of your present situation, if you want to get into or re-enter the housing market with a lower amount, or even without a cash down payment at all, then this program may be the just what you're looking for.
It is a Catch-22 situation. You cannot buy a home because you don't have enough down payment ; You don't have enough down payment because you have to pay a big part of your income in rent. If you are currently renting and trying to accumulate enough down payment, you have two options:
As with any good program, not everyone is eligible to gain the benefits of this wonderful program. Let us figure out if you are eligible under this program.