So we found a down payment / closing cost asst program through the state of MD that will loan you up to 10k at 0% interest payable at sale, refi, etc of mortgage loan it also gives a good rate (as of today 2.75%). It has income limits which we meet and we have to complete a prepurchase workshop and counseling session to be certified to participate. My question is the counseling requires a credit pull, bank statements, pay stubs, w2s ... so if everything isnt good to go at that time will we not rcv our certificate and have to go through it again? Our workshop is this upcoming Sat. I ask because our LO just pulled our credit last week and the state tax lien is not showing released so we sent a copy of the satisfied and released notice to the CRAs and I'm assuming it'll take 30 days to update. According to her this is the only thing holding up our pre approval. So shld I wait until the CRAs update before scheduling the counseling? Also will their credit pull be hard or soft?? I hope soft because a hp is no help in this situation at all...
Oh and also the program ends 6/30/13 so we have to be on contract with a house by then to reserve our funds ... no pressure