To use or Not to use DownPayment assistance ?

[Michael Dunn]

Good evening,

I am in the process of getting a contractor and purchasing my first rental,

and I am trying to decide if I should use the Down Payment assistance program for my state Mississippi

And what are the pros and the cons of using it vs not using it?

I'm on a bit of a time crunch, in that I have to decide soon, on whether to use the assistance or to pass on it

Quick side note,.... I really could use the extra money I'd save from not having to use my own money for the down payment

And this will be an FHA loan , with the closing and pre-paids all rolled into the loan ( I have already discussed this with the seller )

Thanks for any input and help - Michael