Are there fire-ems morgage companies?
Answer:
Call the city you're planning to buy in for assistance programs, or ask around at work.
In most cases, it's structured as a "silent second" - no payments, and often forgiven if you keep the property a certain number of years. Other details vary.
Usually, you can work with just about any lender or broker that's licensed in your state.
There are a number of no or low down payment programs available and a few are geared towards the public service sector. A few of the large banks have programs with names like "Neighborhood Champions" or something similar. This example is a Bank of America program. They give slightly lower mortgage insurance (PMI) rates and easier qualifying guidelines to medical workers, firemen, police officers, and teachers.
These can be handled directly at a bank or with a broker who is set up to deliver these programs. There are also plenty of other excellent purchase and refinance programs available such as FHA (government insured) and Fannie Mae has a great "My Community Mortgage" program.
We are licensed in Maine but located in Charlotte, NC. I would love to help out if you don't mind phones, faxes, and emails.
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