Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Is there a way to get down payment assistance on a HUD foreclosure but have a conventional loan?

Is there a way to get down payment assistance on a HUD foreclosure but have a conventional loan?

In: Personal Finance, Debt and Bankruptcy, Loans, Mortgages, Debt Collection, Foreclosure, Money Management [Edit categories]

Answer:

== == You can only receive DPA through FHA, and not conventional. HUD repos only require 100 bucks down

First answer by Banker0679. Last edit by Banker0679. Contributor trust: 30 [recommend contributor ]. Question popularity: 219 [recommend question].

[report abuse]

Can you answer these Personal Finance questions?

	What types of firms or what industry sectors might it be prudent to limit operating leverage?	Answer it!
	Why public sector bank owner is government?	Answer it!
	Are relatives liable for nursing home bills?	Answer it!
	What is meant by the term residual claim to income as applied to common stockholders?	Answer it!
	Is the legal paid date the postmarked date or the date the payment is received by the payee?	Answer it!

How much down payment on a conventional loan?
What is the minium percent down for conventional loan?
What down payment assistance programs are there?
My co-worker borrowed funds to hold them on deposit. The funds were verified so she could qualify for her mortgage. It was easy to get the loan with no credit check because she agreed to just hold...
Where can you get down payment assistance for a home loan that requires twenty percent down?
nobody is going to loan you a down payment - contact family members or save the money yourself
Is there any way you can skip a payment on a loan?
You should contact the lender and make arangments if you are short on a payment, they may be able to offer alternatives that will not put you in default.
How do you get a home loan with no down payment?
If you do not have a down payment, then you should reconsider buying a home. Equity provides a cushion against the changes of value in homes--should you end up selling, the money comes back to you....