Refinancing Home Mortgage
In: Mortgage Payment
5 Apr 2010For instance, take people on section 8 they have their rent subsidized, so do they also have something where they subsidize mortgage payments to help people to be able to buy houses and afford their mortgage payments, reason i ask is i see all these new developments popping up where there used to be housing projects, are they giving these new houses to these idiots and subsidizing mortgages for them??
ok thanks, but does these programs to buy houses include subsidizing a mortgage for them too or reducing the price of the home? both?
This is about mortgage information questions.
2 Responses to Does the federal govt have a program which subsidizes mortgage payment?
golferwhoworks
April 5th, 2010 at 2:50 am
none that I know about
Landlord
April 5th, 2010 at 3:25 am
Those are probably still the project houses there.
But, yes, HUD does have programs for the low income to buy specific houses (not any house) in areas that they are trying to improve via home ownership. All of those houses are in “bad” neighborhoods. I have seen them buy up blocks in CA and build new houses for the low income.