Updated over 6 years ago on . Most recent reply
high income borrower wants GRANT ('free' $) for DP/CC
In search of mortgage lender that gives grant $ for buying in a low-moderate income "census tract" (geo region that is poorer than middle class). This despite the borrower being high income earner. e.g. Bank of America's "America's Home Grant" gives 7500 for non-recurring closing costs, whatever is left of the 7500 buys down the rate. Know of any other programs like this? We're in Georgia and the sole borrower grosses $93k/yr.