True Story: I Paid Just $0.73 at Closing When I Bought My House

was living with her son in Brooklyn when she decided she wanted to buy a home. A change of location and an extensive search of homebuyers assistance programs led her to one that covered everything but $0.73 at closing.competitive market.

I have family in Maryland, where I was born and raised, and I started thinking,"What would it look like if I went back?" So, my son and I moved south.I didn’t want to jump in and purchase a home right away, because I had been self-employed. Then I started working for Johns Hopkins, so I wanted to get that sorted a bit before applying for a mortgage. I wasn't a complete novice: I’ve always been interested in real estate and I have my masters in Urban Planning.

Here's what they're looking for: a steady employer and some money in savings. And they really do compare what your debt to income ratio is. Many of these are for people with bad credit, but that wasn’t my issue; mine was literally just the down payment. So the program I ended up with was specifically to help with the down payment and closing costs up to $15,000. It was income-based, but the guidelines were middle income. So I registered for this program. I had a home counseling workshop with a mortgage lender and then a one-on-one where I had to print out my credit report, my pay stubs, and go through it all.

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