Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
Page 2There are ways to get a down payment for your mortgage besides having the money saved in the bank. Here are some ideas of ways to do that:
- Borrow or ask for a gift from relatives. After you have financed the house, you can usually go and take out a 2nd or 3rd mortgage up to the full value of your house, and then you could repay the relatives. Keep in mind that if you intend the money to be as a loan only from the relatives, you would need to disclose that to the lender before you close. Lenders usually have regulations about where the down payment is coming from and if you are not honest, it could be considered defrauding a lender.
- There are down payment assistance programs like Neighborhood Gold or the Nehemiah program. These programs basically aid the seller in helping you with a down payment. Receiving a down payment from the seller of the property is illegal, but through these programs, it is legal. There are also other down payment assistance programs which are grants and do not need to be repaid or paid for by anyone. To find out about these, do a search on “down payment assistance†with your favorite search engine.
- You could cash out a 401K or another investment and like in the first example, repay yourself with a 2nd or 3rd mortgage after the loan has closed.
Mortgage loans after bankruptcy are getting to be much easier to obtain these days. If you would like to see a list of our preferred bad credit mortgage lenders, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml.
Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
Back to Page 1Additional Government Grants Resources
USAID University Engagement through Higher Education Institution ProgramThe United States Agency for International Development has recently constituted the USAID University Engagement through Higher Education Institution Program wherein it seeks to hone the knowledge, research skills, and creativity of higher education campuses.
Research Opportunities In Space and Earth Sciences (ROSES) 2011The National Aeronautics and Space Administration has established the Research Opportunities in Space and Earth Sciences (ROSES) 2011 Program in order to support their agency's Science Mission Directorate (SMD).
National Endowment for the Arts Literature Fellowships in PoetryThe Literature Fellowship program will offer $25,000 grants in poetry to published creative writers that are capable of writing literary pieces, conduct research, travel, and work towards general career advancement activities.
Center for Disease Control and Prevention: Training for States on Winnable Battles
The purpose of the Training for States on Winnable Battles program is to enable the CDC to offer training, educational materials, and technical assistance to legislative executives and administrative branches of states.
First Time Homebuyer Programs in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
Student LoansStudent loans in Canada are provided by a joint Federal and Provincial program with the amount of and eligibility for a loan different between the Provinces and so depends upon the Province you are a...
Telehealth Resource Center Grant ProgramThe Health Resources and Services Administration has recently constituted the establishment of the Telehealth Resource Center Grant Program, also referred to as the TRCGP.