I have access to these types of gifts. No out of pocket cost for buyers. No credit or income restrictions or area requirements. Gift ranges from $10,000 to $50,000 that you do not need to repay.

I work in California, but would be glad to refer you.

------------------
Susan Vanderburgh
Loan Consultant
Licensed Real Estate Agent (California)
super_property_gal@excite.com

Susan, what does it take to get access to this information about such gifts?
We are a non profit organization (still awaiting status to go through) seeking to buy a parcel of land with a home in order to establish an animal sanctuary. Anything you can tell to help is appreciated. Please email me at tru2mee2002@yahoo.com

You mean you are being a 501c3 corporation and seeking approval from the IRS?

The grants that are available are for owner-occupied property, between 1-4 units. I will need some details before I can provide a better answer.

------------------
Susan Vanderburgh
Loan Consultant
Licensed Real Estate Agent (California)
super_property_gal@hotmail.com

New to real estate investments and looking for a great way to get started. A grant sounds great. Can i buy a REO home using a grant? If i can HOW do i do this?

Thanks for the help,

Mckale

mckaleman@hotmail.com

The grants are for owner-occupied properties only, 1-4 units.

------------------
Susan Vanderburgh
Loan Consultant
Licensed Real Estate Agent (California)
super_property_gal@hotmail.com

Disclosure: I am not an attorney. Any advice given shall not be construed as legal advice. Information given is applicable to real estate transactions in California unless indicated otherwise. Information given with good faith and best knowledge as of the date it is given with facts to change without any penalty to the undersigned.

I am wanting to purchase a home in Georgia. Are these grants available for that state? If so, how can I get more info.

Thanks

Grants are availalbe in the U.S. I would need to refer you to someone in your state. Feel free to send me an email with your contact info, including how much money you would like. We should also chat so I could answer specific questions you might have. Thanks.

------------------
Susan Vanderburgh
Loan Consultant
Licensed Real Estate Agent (California)
super_property_gal@hotmail.com

Disclosure: I am not an attorney. Any advice given shall not be construed as legal advice. Information given is applicable to real estate transactions in California unless indicated otherwise. Information given with good faith and best knowledge as of the date it is given with facts to change without any penalty to the undersigned.

HI I AM PURCHASING A HOME IN MD ARE THESE GRANTS AVAILABLE HERE

My recent experience has confirmed that most mortgage brokers and/or real estate professionals are not familiar with such grant programs and have no desire to work with them. As far as I know (directly from the grant programs), the grants are availabe in every state unless specified otherwise.

------------------
Susan Vanderburgh
Loan Consultant
Licensed Real Estate Agent (California)
super_property_gal@hotmail.com

Disclosure: I am not an attorney. Any advice given shall not be construed as legal advice. Information given is applicable to real estate transactions in California unless indicated otherwise. Information given with good faith and best knowledge as of the date it is given with facts to change without any penalty to the undersigned.

Im looking in Chicago and Atlanta, me email is tajuan@ilovecyc.zzn.com please contact me

if you go to www.subprimemortgageguy.com you can see the USDA and State Bond programs available. There is a page for every state's housing authority which offers state tax free bond backed programs that can be as low as 5.1% for a 30 year fixed rate. Some programs only allow your local banks to be involved but they also allow for state sponsored gifting programs..take a look.

------------------
www.HonestMortgage.net

Color me skeptical and slap me sensless, but I believe the mysterious gift money is the The Nehemiah Program.

I have not a bad thing to say about the program, but from looking into its structure the cost of the gift IS going to be factored back into the selling price of the house, because the seller is going to end up reimbursing The Nehemiah Program for the gifted downpayment. Over the long term, the gift will, essentially, be paid back by the buyer, indirectly and with interest.

And that is the rest of the story.

------------------
~neodemes~
Neodemesne: Your Real Estate Portal
Where Sellers, Buyers and Real Estate Investors Come Together!

Nehemiah is only one program. There are numerous programs out there. Although the seller does pay a fee to the agency to allow the buyer to use the agency's gift money, the buyer is not repaying any of the gift money. Also, do keep in mind that an appraisal has to be done in order for the bank to lend and the agency to gift. The selling price cannot be higher than market value.

It would be beneficial to the seller since the seller gets market value price (also depends on the final sales price) for his home and the buyer has a helping hand with the down payment and/or closing costs.

Those in better financial situations might not see the benefits.

These grant programs are good for people without good credit, without substantial savings, without seasoned funds or relatives who could give money to them.


------------------
Susan Vanderburgh
Licensed Real Estate Agent (California)
super_property_gal@hotmail.com
http://www.reliancerealtygroup.com

Disclosure: I am not an attorney. Any advice given shall not be construed as legal advice. Information given is applicable to real estate transactions in California unless indicated otherwise. Information given with good faith and best knowledge as of the date it is given with facts to change without any penalty to the undersigned.

Susan,

Thank you for clarifying that for me. Somewhere I had gotten the impression that the seller reimburses the gift fund, after the fact of the gift dispursement to the buyer, an amount equal to that of the gift, but apparantly that is not the case.

I think it sounds like a great program.

As a forum moderator, Susan, perhaps you can tell me if there is a way to set up an email alert to posted replies? If you would be so kind as to send an answer to: info@neodemesne.com I would appreciate it.

Thanks


------------------
~neodemes~
Neodemesne: Your Real Estate Portal
Where Sellers, Buyers and Real Estate Investors Come Together!

I live in Louisiana and would like to know about any Grant bond or gift money that is available for a home purchase it has been hard and with less than perfect credit it seems like it will never happen