Debt Problems
Do single people get any assistance when buying a home from the government?
I'm a single male veteran with no children. I want to purchase a home and was prequalified for 110k using my VA Home Loan. My girlfriend has a very high debt to income ratio and will likely file bankruptcy due to high credit card debt. I can't buy anything with her in that shape. I don't have a down payment, I do have the VA benefits. Home prices are more expensive than ever. How do I purchase a home on my own? In Phoenix, AZ the housing market seems out of reach and all that is left are small "apartment condos."
Public Comments
- Beyond your VA benefits, there isn't assistance available.
- Arizona does have a program to help pay for a down payment and closing costs which is offered based upon your income. The lower amount of your income the more you will qualify to receive. While you may be able to borrow $110,000 this program will likely increase your buying power and allow you to get into more house/condo. Good Luck!
