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Low Mortgage Interest Rates, Government Tax Credits, and Parent's Role While mortgage interest rates are still near historically low levels. home prices are depressed, it is a buyers market, which means a seller can and may help to contribute up to 6% of the purchase price towards closing costs allowed by FHA, the government has their tax credit for first time home owners, FHA still has a program which requires only 3.5% down payment. The role of a parent never ends to help their children. As a parent, helping our children can be subtle yet very important when they are buying their first home and there are many ways a parent may be able to assist. [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: Great Information !
Thank you for the great information. I forwarded this email to my daughter. She is hesitant about applying for a mortgage and this article might help convince her to do so. She is 25, a college grad, and has been working a steady permanent job for about 18 months.