Free Grant Money Up To $5,000 For VA First-Time Homebuyers

Military Housing Assistance Funds

All  First-Time-Homebuyers Veterans may qualify for a free grant up to $5,000 from the United States Government to purchase a home. The lender requires a credit score of at least 600 to qualify for a VA Loan. The Military Housing Assistance Fund provides a free grant for all military, reserve, guard, veteran and civilian employees of the military. The program was implemented to help military First-Time-Homebuyers out of pocket expenses to a minimum when purchasing their home.

 

Credit Score Below 600

All Applicants with credit scores below 600 may still have the opportunity to purchase an affordable home. The booklet, "Increase Your Credit Score After Short Sale, Foreclosure and Bankruptcy", provides the techniques to increase an applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well as the booklet at increaseyourcreditscorenow.com. Our new additional service is sample letters to purchase on increase your credit score without purchasing the booklet.

We provide weekly blogging information on how to increase an applicant's credit scores and up-to-date information on real estate market at increaseyourcreditscorenow.blogspot.com

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How to qualify to buy another home without selling your home?

The Dodd-Frank Act was passed to help homeowners who were underwater with their mortgage loan. The program provided relocation assistance for homeowners that qualify for the funds. If the homeowner didn't qualify for the HARP, the homeowners could sell their home through the tradition short sale. With the tradition short sale, the homeowner may not qualify for the  relocation assistance funds.

What Should I do?

The idea is to take the advantage of the low prices in the market by buying a home to save money.  A homeowner may want to sell their home if they are not underwater with their mortgage. A homeowner may be stuck because the only way to sell their home is through a short sale. If the homeowner doesn't have the extra funds to bring to closing, the only way to sell the home is through a lender approval for a short sale.

 Selling My Home

A homeowners may lose between 150 to 250 points by selling their home through a short sale. A short sale is a pre-forclosure and it takes an impact on the credit report. It doesn't matter if the homeowner paid their mortgage on time. The lender reports the sale as a short sale and the homeowner is penalized by not staying in their home. The homeowner can't take the advantage of the great deal out there to buy another home and sell their home. The government has stuck the homeowner into a house that is underwater instead providing the opportunity for homeowner to move-up into the housing market. The homeowner has to pay he penalty for Wall Street greed.
 

New Guidelines

The homeowner may buy another home but the homeowner must qualify for two mortgage payments if the homeowner doesn't  sell their home. The lender requires the homeowner to have six months of reserve for both mortgage payments.

Credit Score Below 600

All Applicants with credit scores below 600 may still have the opportunity to purchase an affordable home. The booklet, "Increase Your Credit Score After Short Sale, Foreclosure and Bankruptcy", provides the techniques to increase an applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well as the booklet at increaseyourcreditscorenow.com

 

We provide monthly newsletters on how to increase an applicant's credit scores and weekly blogging information at increaseyourcreditscorenow.blogspot.com

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They're RIDIN DIRTY!

HARP and HAMP

The HARP, Home Affordable Refinance Program, was implemented to slow down the falling real estate market. If the government wouldn't have stepped in to save the real estate market, the housing market would have been worst than it is today. The homeowner has to meet the requirements for HARP in order to qualify for the program. If the credit score is not at least 620 or higher, and no late payments within a year, the homeowner doesn't qualify for the program. The programs, HARP, Home Affordable Refinance Program and HAMP, Home Affordable Modification Program will expire on December 31, 2013.

The homeowners have to close their loans before January 1, 2014. These loans are sold to Wall Street on the secondary market. The government owns 60% of the Fannie Mae and Freddie Mac loans. The HARP assists homeowners with their mortgage payments if the homeowners have paid on time.

Truth-Riding Dirty

The lenders, credit bureaus, collection agencies and government are all riding dirty. All homeowners need to check with their lender on the way the loan is rated on their credit report. To participate in one of these programs, the home owner may lose approximately 100 points on their credit scores. The lenders are making money off these programs. Most of  the lenders are extending the mortgage terms to 40 years for the lowest interest rate reduction. The lenders don't have to do a principal reduction on a loan. If a homeowner has excellent credit, the homeowner may take a hit on their credit report for participating under the HARP or HAMP.

The government has requested the lenders and the credit bureaus to change the way these loans are coded on the credit report under the HARP, Home Affordable Refinance Program and HAMP, Home Affordable Modification Program. If the credit scores are lowered, the lenders make more money by charging high interest rate on credit cards.

Under a  FHA loan the homeowner has to miss a payment to qualify for a short sale. A late payment on any credit account reduces credit score approximately 45 points on the credit report. All homeowners should check their credit report before accepting the HARP and check their credit report after receiving the program.

Credit Score Below 600

All Applicants with credit scores below 600 may still have the opportunity to purchase an affordable home. The booklet, "Increase Your Credit Score After Short Sale, Foreclosure and Bankruptcy", provides the techniques to increase an applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well as the booklet at increaseyourcreditscorenow.com

 

We provide monthly newsletters on how to increase an applicant's credit scores and weekly blogging information at increaseyourcreditscorenow.blogspot.com

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Stop Bad Credit-Increase Your Credit Score

Credit Score Below 600

All Applicants with credit scores below 600 may still have the opportunity to purchase an affordable home. The booklet, "Increase Your Credit Score After Short Sale, Foreclosure and Bankruptcy", provides the techniques to increase an applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well as the booklet at increaseyourcreditscorenow.com

 

We provide monthly newsletters on how to increase an applicant's credit scores and weekly blogging information at increaseyourcreditscorenow.blogspot.com

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