Tim Bradford - AMMCorp.net

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Down Payment Assistance in Ohio, Cleveland, Columbus, Toledo and every other city

If cash for the down payment is an issue for you and you are looking for funds to make a purchase of a home for your family, you may wish to look at HUD Homes because you can purchase most of them with only $100.00 Down.   Also, in most cases HUD will also pay $2,500.00 in your closing costs and you can ask for additional assistance if needed.    If you are a first time buyer you will likely also qualify for the $8,000 Federal Incentive.   Also, current the OHFA MCC program has funds available for Bank Owned Properties (HUD Owned Properties Qualify) for a 30% Tax Credit.   On a $100,000 purchase this could amount to over $30,000 in Federal Income Tax Credits.  Give me a call (or send me an eMail) if you have any questions or would like a referal to a Realtor that sells HUD Homes and is familar with these incentives.  


Tim Bradford
Ohio Mortgage Banker LO.007173.000/ NMLS 250013
Cell: 216.324.8113 Anytime
www.GetAMortgageNow.com or www.Go2Apply.com
www.OhioHomePath.com or www.OhioRuralHomeLoans.com

Serving the Ohio Realtors and Home Buyers and Home Owners
Comment balloon 4 commentsTim Bradford • September 14 2009 09:10PM

Comments

Hi Tim -- This is a great opportunity for a savvy first-time home buyer to really minimize their financial risk in today's market.  Given the high levels of inventory, attractive interest rates and these financial incentives, the downside is minimal but the upside is there for buyers willing to step off the curb.

Posted by Chris Olsen, Broker Owner Cleveland Ohio Real Estate (Olsen Ziegler Realty) over 7 years ago

Yes, Chris,   Step off the curb.   And remember there is not one perfect home a buyer.  I might disagree about "high Levels of inventory", I believe it has decreased which is a good thing because with too many homes to look at some buyers want to see everything available.  By doing that, a great home and buying opportunity might be gone while the buyer is looking.   Repeating myself " There is not one Perfect home".   Buyers need to find one in their price range that they can work with. 

Posted by Tim Bradford, NMLS 250013 over 7 years ago

I am amazed at the number of Realtors who do not know about those incentives. Thanks for the reminder.

Akron, Ohio

Posted by Thomas McCombs (Century 21 HomeStar) over 7 years ago

Thomas,  Thanks for the comment.  I know a number of Realtors and Lenders that do not like the little extra paperwork.   Also, some people that deal with Lenders that do not have the MCC available to them. 

Posted by Tim Bradford, NMLS 250013 over 7 years ago

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