thankyou all for all your help!
have found my dream home just 10 miles from my remaining family in montana.
mr. murray even gave it a thumbs up! how could a girl lose?
big hurdle now is that montana just denied all ports of federal housing subsidies into their state as of June first for one year. i put together a section 8 homeownership subsidy (used to be for rent) with a housing and finance authority loan of 2.75% 30yr fixed with $5k for closing/down forgiven after 10yrs in home.
montana board of housing is trying to turn their section 8 rent subsidy into home ownership piti payment but are very short staffed. so, they are calling a moratorium on all homeownership transfers till this time next year. then they'll allow people to purchase a home using what used to be a rent subisdy.
i'm afraid if i wait a year, the prices will be beyond what i can afford (this is the only house i've found in a year of looking) and i won't be able to buy near family.
my pastor suggested i find a "private mortgagee." does such an animal exist and how does that work?
the home is $129k, closing estimated at $7k, moving costs estimated at $3,100 (because i am permanently disabled someone has to load/unload my stuff in addtion to moving it).
my hope is to find someone to buy home, rent it to me till next year when i can buy it outright. i think that makes sense?? { - 0. they'd receive rent directly from hud which is guaranteed for the rest of my life.
sorry for the long post! thanks for all your ideas and thoughts!
sabrina
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