Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 2 months ago

What programs exist for first time home buyers?  Low income, poor credit, but have a downpayment?

2 Answers

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  • Anonymous
    2 months ago

    Depends on how low, how poor and how large.  But chances are you can forget it.

  • Jay
    Lv 6
    2 months ago

    Fanny Mae.

    As you will need to get pre-qualified anyway, go to the bank that has the best rates and ask them to get you the Fannie Mae Loan for first time home buyers.

    Because they actually want to loan money for home purchases, they will help you with every part of the thing.

    oh...do not use Wells Fargo Bank, they have a problem caused by bad lending practices...you do not want to get tangled in their paperwork.

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