Bank loan VS State housing program with down payment assistance?

[India Burdette]

My window of opportunity has finally arrived and I’m indecisive how to play my strategy.

Went to my bank today in which they’ve offered to extend my line of credit based on my newly raised score of 698. Last week the same bank approved refinancing my car loan from 11.5%-5.5% interest rate.

In addition to the extended line of credit, I mentioned to the rep that I’m looking to buy my 1st home particularly a duplex or some type of multi family housing to finance the home while I reside in half or a portion of the property. She referred me to the sub contracting lenders of my credit union and suggested for me to apply for the loan.

My dilemma however is that I’m currently on a housing program for low income individuals who help transition people like me to self sufficient housing with their first time home owner program that also offers down payment assistance. What methods,strategies, ideas should I consider in my comparison to make the best decision for my 1st cash flowing property?