What kind of loan can I get as a first time home buyer?

I am looking to purchase a bank owned home and I live in California. I have a credit score of 650 and I make about 40,000 a yr. I am looking to purchase a home but I am not sure what kind of loan is available to me as a first time home buyer. I have heard about a lot of loans available but I’m not sure which ones are the most suitable for me. I am also not sure which lender or mortgage company to go with? Any ideas would help!

First Time Home Buyer Tax Credit

Federal Housing Tax Credit explained. Learn How To Use The Home-buyer’s Tax Credit To Reduce Your Down Payment to 1.50% and eliminate closing costs for California heroes Part 2 APPLY NOW: tinyurl.com www.911hero.com Thinking of buying a home in 2010? How to buy your next home with as little as 1.5% down and low to zero closing costs using the 2009/2010 home buyer tax credit. You’ve probably heard about the new-and-improved First-Time Homebuyer’s Credit. It’s a sweet deal that could put as much as 00 in your pocket. Even though it’s called the First-Time Homebuyers Credit, you’re eligible if you’ve owned a home before – just not in the past 3 years. If you buy before April 30th 2010 you’re eligible, the IRS will cut you a check for up to 8,000. It’s tax free money and you don’t have to pay it back. helpamericaprosper.com

BREAKING NEWS! Today President Obama signed into law legislation that will not only extend the Federal First Time Homebuyer Tax Credit but will expand the Tax Credit to include some Non-First Time Homebuyers! You can get the latest by visiting my blog on my website www.danmoralez.com.

Looking for government grants for loans and help with a downpayment on a home. Please advise

I am 21 and I recently started looking into some real estate listings just for the heck of it. I came across a couple of houses that are at or below ,000, I went to take a look at them and they are in very nice condition as well as being in good neighborhoods, mostly because we are in a serious real estate slump here in Michigan. I feel like it is the right time to buy something especially so I can take advantage of the first time home buyer credit. What would be an ideal situation for me would be to purchase the home with a very low down payment and I do not know much about loans, but with a 10 year fixed APR mortgage, the loan would be extremely affordable. The plan would be that I could pay it off in ten years and either still live in it or sell/rent the property. My question is does this sound at all reasonable for me to be doing and are there even lending companies out there willing to work with low down payment mortgages that are that short of a term?

First Time Home Buyer Tax Credit Extension

Information on the extended version of the home buyer tax credit.

I make around,50,000 annually. I am looking to buy a house in Wisconsin on my own. I know there are loans and grants for first time home buyers out there…some that are repayable and some that you do not have to pay back under specific terms. I am looking for a way to make my purchase of a house possible so I will need some grants or loans for the purchase of my first house. Any Ideas? Please Help.

I have heard there are free Gov. loans or grants available to 1st time home buyers…but where is this information (websites)? If anyone knows any helpful insights on this, please let me know…thanks!

I am moving in October and I wanted to buy a house If i am a first time home buyer is there any Government grants I can get in Kansas? i would be living in Wyandotte county. If there is and they loans for my down payment or are they free grant money?

Take a sneak peak as Community Essentials interviews Perry Feralla as he gives home buyers tips on purchasing their first home. This show will air on Comcast channel 19 each Saturday in July, 2009.

Who Qualifies as a First Time Home Buyer?

Qualifying as a first time home buyer generally guarantees a variety of tax incentives and special FHA loans. Contact a local real estate agent about how to qualify for special first time home buyer benefits with advice from a real estate specialist in this free video on real estate. Expert: Beau Sasser Contact: www.northamptonrealtor.com Bio: Beau Sasser has been at Goggins Real Estate in Northampton, Mass. for many years, previously working for Sasser Properties in Aspen, Colo. and EcoFriendly Properties in Destin, Fla. Filmmaker: David Pakman.

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