First Time Buyer = Me
Hello All,
I'm looking into buying my own property (investing in myself first) - a co-worker of mine whom no longer works here once said there are programs which (in new york) give you money for your downpayment - such as you call a specific place (don't know what this place is) they send you a brochure, you study and then they test your knowledge on the material- hence if you know the material they will give you $1000 bucks - would this be a Fannie mae or a Freddie Mac thing? I'm going to Google my head off now.
Not familiar with the 1000 bucks plan, but the NEMEHIAH program is one of several down payment assistance programs available. Essentially they get the seller to put the down payment up for you and tack it onto the loan in the form of a second.
Kyle