Where do I find government programs to buy a house?

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What are the government programs and where do I find them to buy a house with no downpayment credit scores of 718, 626, and 509. Thanks!
work historys: 718 credit= 7 years, 626=16years, 509=1 year

no rental contract..we rented from a friend…we regret him not having a contract now..we know we know….
Income is about 100,000 gross yearly for all 3 of us
we are working with a realtor now and looking at properties in the 200,000-300,000 range—need to be moved out of our current house because its been sold from underneath us in about 2-3 months time

2 comments to Where do I find government programs to buy a house?

  • W. E  says:

    With your credit scores you could get 100 percent 1 loan -- and not have to use the government programs. Here are some sites to check out for the downpayment assistance if you would like to look them over.

    http://www.ameridream.com

    http://www.nehemiahcorp.org/

    How is your income? Job time? Rental History? Here is another site to check out.

    Welcome to the USDA Income and Property Eligibility Site

    http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

    1. This site is used to determine eligibility for certain USDA home loan programs. In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.
    To learn more about a USDA home loan program, click on the Loan Program Basics link on the left side of this screen and select one of USDA’s home loan programs.
    To determine if a property is located in an eligible rural area, click on the Property Eligibility link on the left side of the screen and select a Rural Development program. When you select a Rural Development program, you will be directed to the appropriate property eligibility screen for the Rural Development loan program you selected.
    To determine income eligibility of an applicant/household, click on the Income Eligibility link on the left side of the screen and select a Rural Development program. When you select a Rural Development program, you will be directed to the appropriate income eligibility screen for the Rural Development loan program you selected.
    To find out how to apply for a Rural Development Loan, click on the Contact Us link on the left side of the screen and then select a Rural Development Loan program.

    Talk with a broker, a broker underwrites for many company’s (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) FHA/VA approved too. If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a “hard” pull and it drags down your credit score. When looking for a home &/or refinancing, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.

    By the way, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with-in 3 days, that is per the RESPA laws, and the TIL (Truth in Lending). The GFE will tell you the up-front closing cost associated with your loan. The TIL will tell you the terms, rate associated with your loan. This is a estimate only -- not the final -- but it does help you figure things out

    Added: Your income is there -- you could afford what you are looking at with no problem. And the interest rate would be awsome. Good Luck to you.

  • Hena  says:

    with your income and credit scores i can get you a straight mortgage with no money down. Email me and we can start this A.S.A.P and i can get you your pre-approval and help you throught this process.

    Hena Chavarria
    Mortgage Consultant
    Global Empire Lending Inc.
    Email -- hena1ch2@yahoo.com or h.chavarria@globalempirelending.net

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