Originally Posted by
Synnen
We're more interested in older homes, built around the turn of the 20th century (1890 to 1930 or so).
We qualify for FHA, so that's not an issue. We also have the down payment we'd need for what we can afford under a FHA loan.
I have a realtor currently, and several companies competing to get us to sign on the dotted line for a mortgage. We're pre-approved for a 5% interest rate as well--though I'm sure that will probably come down a bit.
Our credit score is really high--we actually qualify for waaaaaaay more in a mortgage than we need. While we don't have closing costs AND the downpayment, it's a buyer's market out there, and getting the seller to cover closing costs right now seems to be standard.
I was just wondering if there was anything ELSE out there for first time homebuyers' incentives.