Have the income, just not the cash needed for closing costs? This program is now available through Paramount Equity Mortgage and can really help solve the cash gap when buying a home. This would be a Grant, not a 2nd lien, that would cover about 3% of the sales price. Partner the grant with standard FHA financing and your down payment will be only .5%, not the regular 3.5% which was previously required. Call Ryan @ Paramount Equity for guidelines and details. (916) 218-7043 or email him here: firstname.lastname@example.org
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