Would I have to pay back the grant?

How long do i have to pay a fha grant back ?

  • i looking to buy a house, and the realtor wants me to get a fha loan, 3 and a half percent down ( after escrow closes, i pay a half percent, and the government grant pays the other 3 percent ) do i have to pay this grant back, and if so, how long do i have to do it ? im a first time home buyer.

  • Answer:

    grants don't have to be repaid... why they are called grants. LOANS have to be repaid... why they are called LOANS.

paul s at Yahoo! Answers Visit the source

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