I have a bit of updating to do...
Mike and I got pre-qualified for a house in November 2009. We didn't want to miss out on the tax credit, so we started looking for homes right away. We put 2 offers on two other homes and they didn't go through for different reasons.
In January, we had tuition of $2200 and we weren't sure that we could buy a home. We began looking at luxury apartments. I really felt like we couldn't miss this tax credit. Interest rates were at the lowest they have ever been. I started researching other down payment options. Lucky for us, I found Utah Housing!
Utah Housing offered a no-down payment program, where you pay your down payment through a loan on a second mortgage. It adds about $30 a month to your mortgage payment.
As we continued looking, we weren't having much luck. I was beginning to get discouraged. Everything we liked was out of our price range. Alot of the homes we looked at were projects. Then one day....
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