1st time homeowner question:

a friend got me paperwork on '1st time homebuyer programs'.

did anyone use any of these? what was the experience like? was it worth the work?

tia

I wish we could but we didn't qualify for an 1st homebuyer help. You have to make under a certain amount and we are above it.

Stupid middle class, always gets screwed....

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Posted by Kerrycec

I wish we could but we didn't qualify for an 1st homebuyer help. You have to make under a certain amount and we are above it.

Stupid middle class, always gets screwed....

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Yeah, we make $10K over what HUD would allow....you're completely right, Kerry, the middle class gets S C R E W E D!

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Posted by ewickens

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Posted by Kerrycec

I wish we could but we didn't qualify for an 1st homebuyer help. You have to make under a certain amount and we are above it.

Stupid middle class, always gets screwed....

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Yeah, we make $10K over what HUD would allow....you're completely right, Kerry, the middle class gets S C R E W E D!

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u can say that again.

we were not eligible either!

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Posted by angnick

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Posted by ewickens

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Posted by Kerrycec

I wish we could but we didn't qualify for an 1st homebuyer help. You have to make under a certain amount and we are above it.

Stupid middle class, always gets screwed....

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Yeah, we make $10K over what HUD would allow....you're completely right, Kerry, the middle class gets S C R E W E D!

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u can say that again.

we were not eligible either!

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DITTO!!!!!!!!!

i'm NOT happy!!!

i just took a 'coffee break'' and i read the paperwork. we make too much money!!!!

we do not make too much money, i don't think so.

let me join the 'we got s c r e w e d club'

i'm not happy

that's how this world works which grrrr!!

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Posted by NovemberBride06

What are the qualifications, if I may ask?

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each county is different. i live in nj, so i don't know the numbers for new york. but it's something like: for a family of two; it's a maximum of about 40K

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Posted by libby2595

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Posted by NovemberBride06

What are the qualifications, if I may ask?

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each county is different. i live in nj, so i don't know the numbers for new york. but it's something like: for a family of two; it's a maximum of about 40K

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o-m-g!! 40k!! so basically it's for couples who both make minimum wage.

check out banks - some of them have their own first time homebuyer programs -

FH and I were way over them - except I found that BOA will relax the income limit for UFT memebers (City Teachers).....

you do get scr3wed if you are middle class, thats for sure!

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Posted by libby2595

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Posted by NovemberBride06

What are the qualifications, if I may ask?

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each county is different. i live in nj, so i don't know the numbers for new york. but it's something like: for a family of two; it's a maximum of about 40K

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they must be joking?!!! oh well, figured i would ask just in case.

with real estate prices these days, they really should re-evaluate who needs help!

funny that income guidelines are so low, but I cannot even imagine living on LI with those qualifications.

Suck b/c we are waaaaayyyy over those guidelines and we will have to eat Ramen noodles every day for 2 years when we buy our house!!! LI *****!!!! So do unrealistic income guidelines!!!

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Posted by MayBride06

funny that income guidelines are so low, but I cannot even imagine living on LI with those qualifications.

Suck b/c we are waaaaayyyy over those guidelines and we will have to eat Ramen noodles every day for 2 years when we buy our house!!! LI *****!!!! So do unrealistic income guidelines!!!

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it looks like we'll be eating ramen noodles and peanut butter sandwiches to buy a house. it breaks my heart

DH did it on his own before we got married. He didn't qualify for the best program, but there was a sliding scale that gave us some breaks on the down payment and interest rates...fm me if you want more info!