Would you like to buy a park home, one that carries a existing owner? If that’s the case, you will find you won’t be entitled to a number of national government plans developed to aid men and women to reach the long held dream of owning their very own home. This doesn’t suggest you’re completely doomed, even so, since the government hasn’t completely neglected you. The Mortgage Guarantee program was made to help to buy a house of any sort for people, provided that the home stays in the price rules. You will only need a five percent down payment because the government aids in the remainder. Additionally, you may make use of the program even if you have actually owned a house in past times. This scheme should not be used in investment houses, since you must dwell in the house and you cannot own other residences. In addition, you have to meet the loan-to-income and credit history requirements of your lender, and the scheme may not be used for self-certified as well as interest-only loans. If you feel you may benefit through utilization of this government program, contact a real estate agent or possibly loan company today. They can supply you with additional information about the program and just how it will work. Purchasing your own home may be in your reach. What you need to do would be to inquire.