Zillow Advice: Mortgage Types - Financing options for 1st time buyer with limited income?? http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ Zillow Advice | Zillow Real Estate You might wish to give this ... http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ You might wish to give this a look...<br/><br/>Provided by the Federal Gov.<br/>"Find the Right Loan, you can search for specific information, compare options, or take a short questionnaire to determine your eligibility for each program." <a href="http://www.govloans.gov/loans/type/6" rel="nofollow">GovLoan.com</a> Sat, 15 Sep 2012 18:36:00 GMT http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ 2012-09-15T18:36:00Z You may be able to qualify ... http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ You may be able to qualify for down payment assistance. &nbsp;You can go to this website--www.mnhousing.gov to check it out. &nbsp;When you speak with a a loan officer, make sure that they are knowledgeable about this program and can help you obtain it! &nbsp;Not all lenders are the same or have the same investing funds to tap into...<br/><br/>Good luck!<br/><br/>Audrey Cole<br/>RE/MAX Advantage Plus Sat, 15 Sep 2012 14:13:00 GMT http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ 2012-09-15T14:13:00Z You may want to contact me ... http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ You may want to contact me directly and I can get you started with a loan officer who specializes in first time buyers. Just contact me directly on Zillow through my profile to get started!<br/><br/>On the one hand if you and your brother go together he WILL need to build up is credit score. At this time I don't know where it is; or more importantly WHY it is low. My lender utilizes rapid re-score, which allows major improvement in 30days instead of the typical 90days you hear out of lenders mouths. However, depending on why his score is so low it could be 6 months before anything can happen. This is a major question for my loan officer to help out with.<br/><br/>The upside is that you WILL qualify for down payment assistance for Minneapolis, and they have a LIFT program right now that has $15,000 available. Just google "neighborhood lift program for&nbsp;Minneapolis", or when you contact me I can send you the flyer with their phone number to get in contact with.<br/><br/>Does that mean you can buy a 145k house? Even if your brother gets his credit up, you receive DP assistance, there is a possibility you won't be able to afford what you desire and my loan officer can tell you that. Joe can also tell you any other program in the twin cities.<br/><br/>So in truth your dad CAN be a non-owner occupied co-signer, and it may just be easier depending on the above to go through him.<br/><br/>EVERYONE should tell you the same thing: the only way to know if for you to submit an application to a lender (and your brother too) so he can have all the information and answer the above questions.&nbsp;<br/><br/>I can help with everything and hope to hear from you soon! There is always solutions and you made a smart decision seeking help on this one. Sat, 15 Sep 2012 14:12:00 GMT http://www.zillow.com/advice-thread/Financing-options-for-1st-time-buyer-with-limited-income/459990/ 2012-09-15T14:12:00Z