Did you use the suffolk down payment assistance program?

For first time home buyers? If so, how long does it take to find out if you were getting the 12k? The packets went out about a month ago and FH sent his in within 2 days. The lady at the office said a letter would come in the mail but he is freaking out with the waiting. So, I was wondering if you have ever used it, how long did it take to hear an answer and then how long til the money came? I really appreciate it...

Re: Did you use the suffolk down payment assistance program?

I did the TOB program and so far its taken forever. Also I think its different - we do not get the money untl the day of closing they come in with a check. SO if the bank has issues with that since they want to see you have the money you show them the appoved letter stating your gettng x amount of money.

Re: Did you use the suffolk down payment assistance program?

i got that... i dont remember how long it took for me to find out i was accepted, but they came to closing with a check

Re: Did you use the suffolk down payment assistance program?

We just did this--
In Suffolk the income amount was ridiculously low. For the LIHP Babylon program, my DH and I missed the income too. I don't get it!

Re: Did you use the suffolk down payment assistance program?

there are two TOB programs

One that is dollar to dollar matching up to 20K this is if you make over 80% of the median income

Then its the dollar to dollar matching plus closing costs which this is if you make less then 80% of the median.

We got the closing and yes it is low but plenty of us make a combined income of 62K and less (unfort)