<p>There are 1st time buyer programs, VA programs, and HUD funding for low income people. I’ve been having a tough time selling a house for the past 4 months (in a neighborhood where houses never sit for more than a month) because the credit market is so tight. Finally found a buyer who can actually get approved for a mortgage but is putting nothing down (gov’t loan) and I have to pay all his closing costs even after coming down 10% on price! It’s a very good deal for him as alot was done to get it market ready (new kitchen, carpets, paint, etc.) and he will get the full $8K tax credit back.</p>
<p>Oh well, it’s still one of the few houses with a buyer around here and everyone else seems to be coming down an average of 20% on selling price. It’s a really good time to be the buyer if you have the cash or credit to do so.</p>