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Old 07-28-2009, 11:52 AM
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Default What lender will give a $20,000 mortgage? We've been

told $30,000-35,000 min. by 3 banks. 90% down too.? Interested in a $120,000 home as first time home buyer. Low income and no credit established yet. Gifted $100,000 as down payment. I'd like to take advantage of $8,000 first time home buyer rebate available asap.Gifted $100,000. No credit history to speak of. Limited income barely covers 1/2 of a 15 year / $20,000 mortgage+taxes+homeowners insurance payment. What lender would give us a mortgage to buy a $120,000 home??
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