Section 8 tenant want to buy my property

[Judy Le]

Hi everyone

I have a section 8 tenant in GA.  She have rented my house for a few years now, and she expressed interest on buying my house.  I still have a mortgage on it.  How do I go about putting this deal together and would section 8 continue to contribute to the new payments?

Judy

[Joe Abughazaleh]

@Judy Le set a price you'd sell the house for. Tell her to get pre approved for a loan or have her look around for state grants or programs that she might qualify for, sometimes they have no money down grants and stuff like that. Then if she qualifies for the amount you'd be willing to sell for I'm sure a local title company can help you with a contract. Section 8 program is only to help low income tenants rent, this program is not to help with mortgage payments. I think if they're qualified for section 8 voucher program it would be kind of hard to qualify to buy a house, but I could be wrong. Hope this helps!