BiggerPockets

I was interested in reading this article, but it will not come up.

The assistance can be used to cover closing costs. Put it together with first time buyer tax credit and you can literally move in with no money down and conceivably end up with some cash left over. For example, buy a $100,000 house, put down $5,000, have Fannie pay for your closing costs, collect your $8,000 credit and you’re $3,000 ahead of the game. Happy days are here again.