What Canadians need to know about the IRS’ potential crackdown on foreign property ownersOwning property in the U.S. could mean a tax hit on both sides of the border, but there are ways to lessen
Down Payment Assistant Programs
AFI 100 Program
The purchase price is limited FHA loan amounts for each county, The program allows up to 150% of the area median income.
0% interest 10yr term
5% interest 30yr term
Down payment assistance 3.5%
There is no first-time homebuyer requirement.
Program has 2nd mortgage 2nd mortgage forgiveness If Area Median Income <= 115%
Qualify for a FHA loan with a maximum debt-to-income ratio.
Minimum FICO score is 620.
No homebuyer education course.
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