October 2010 Weddings
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
vent: housing is hard to find
Brian and I decided that we are going to TTC very soon...I am no spring chicken. Before we do though, we want to find a bigger place for when the lease is up in July. At first we decided to look into buying but without a DP, it is highly unlikely we can afford anything so that leaves us with renting. We are looking for a 3 bedroom or a 2 bedroom with a finished basement that could serve as a guest area/office. It is so hard here in NH to find one that isn't going to cost a fortune. We were hoping to find a townhouse or something. Unfortunately, there just isn't much out there. Looks like I will never have a baby :-(
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Re: vent: housing is hard to find
My two favorite cats!
DH and I didn't have any money for a DP. None at all. We went through New Hampshire Housing Finance Authority (used Schaefer Mortgage to orginate the loan) and were able to get a grant. The NHHFA gave us ~$5,000 to help with DP/closing costs and we had the sellers pay for another chunk of closing costs. We wound up with an FHA loan and paid literally $180 at closing.
I think the NHHFA may have changed this program a little, but it's worth looking into, if you ask me.
Like PP, we had nothing for a DP. But we started asking around and we found a few options available. We also had an FHA loan, and I think we paid a total of $2000 at closing (the seller took a big chunk of closing costs). Obviously it's not as optimal as putting 20% down, but there are options available, and I am a firm believer that it's better than renting (as long as your in a home you can realistically afford).
I would start with your bank and talk to a mortgage officer about your options. We got lucky and found what we needed here, but maybe a mortgage broker could help too. The only thing you have to "lose" is a few folks checking your credit history.