Nephew was affected by Sandy Hurricane (he was a renter that lost everything). He applied for a relief grant of some sorts and was awarded a 50k forgivable loan (I think 4 or 5 years) to which he apparently can use for a down-payment on a owner occupied home if he stays in one of 9 counties in NJ. If he sells property with in 4 or 5 years he must re-pay the balance there of (pro rated equally over the 4 or 5 years). The 50k must be used for a down payment only (not including closing costs) and cannot be used for a 203k or like same programs. Basically a hud or conv mortgage only. He has a descent credit score but only makes 45k-50k. What are your suggestions? He loves R/E and is extremely handy... Apparently he qualifies with a number of lenders using this 50k for a down-payment for a 185,000 in total k purchase having to use the "adjusted spreads for the loan" as he has little debt. Yes I recommended Bigger Pockets but he has not stopped dancing/crying/dancing/crying/dancing since Friday when he got the confirmation. That said I am sure he will be here soon. Good young man that dealt with a tragedy like a Real Man. Just my opinion ( maybe from his favorite aunt).