Do grant programs take longer?
Hello everyone, I am a newbie in real estate investing and I plan to buy my first property which is a duplex in the San Bernardino area in CA. A loan officer approached me and I inquired about gov’t programs that help you pay lower down payments. Is it true that grant programs take a longer time to close and have plenty of red tape and paperwork involved? Any suggestions would be greatly appreciated. by delpino566 from San Bernardino, California. Dec 1st 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Yes, no, and maybe. It depends on the program. I don't end in California, but generally speaking, I'm not aware of any program that helps with investment properties. Just ones you live in. Better double check. I lend in WI, MN, IA, ND, SD. Find me at WI-MortgageBroker.com / Cambria Mortgage, NMLS 274132
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