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can i get down payment assistance for buying in the newfoundland area on a second mortgage?

income is $75k and my credit is above 700. concerned about a SECOND mortgage - just want to clarify
By altonkale7864883 from NJ Jul 22nd 2014
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Many programs have low downpayments. Assistance is for primary residences. Give me a call and we can go over your situation to find the best fit for you..Sharon 732 606 6264

Jul 22nd 2014

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So I'm assuming your talking about purchasing a 2nd home, not a 2nd mortgage.. For a 2nd home (vacation home) or investment property, you will not be able to use any down payment assistance programs for this type of purchase.. Most down payment assistance programs are intended for first time home buyers purchasing a primary residence, and are intended for "low income" borrowers, and would use HUD's Median Income as a guide. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 22nd 2014


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