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Down Payment Assistance Programs, Government Down. – Government Programs. The office processes the mortgage application as soon as you apply, generally before you’ve found a house, and then notifies you when the money becomes available. Depending on the area, some offices will have money available immediately;.
First-Time Homebuyer Grants & Programs | Bankrate – Here are nine first-time homebuyer programs and grants designed to help you land a great mortgage and get a place of your own. 1. FHA loan. In an FHA loan, the Federal Housing Administration insures the mortgage. The FHA is an agency within the U.S. Department of Housing and Urban Development (HUD).
Obama Mortgage Explained for Borrowers Who Need Assistance – The U.S. government has created several programs aimed at helping borrowers in financial trouble avoid foreclosure, stay in their homes, and make their mortgage payments more affordable. Some use a catch-all term, “Obama mortgage” to describe one or more of these programs. What is an Obama mortgage?
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