Does anyone have any recommendations of first time home buyer grants or down payment assistance programs for New York State?

In any disputed court action where the court resolves the dispute and determines the prevailing party, the court shall also award to the prevailing party its reasonable attorneys’ fees and costs and the non-prevailing party shall be liable to the prevailing party for payment of any court awarded attorneys’ fees and costs.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

But why would that make them want to use this financing method?

My question is, since we may not need to borrow anything to finance this, will the mortgage payment be affected? 

With down payments, improvements, commissions, title work, holding costs etc....

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

And offset the previous FHA loan payment showing that you're making the payments for it so it lowers his DTI.