Any thoughts on how I can save money on the house we are purchasing? We are first-time home buyers, getting a 3/1 ARM, requesting seller assist for closing, 100% financing. What can I do to save money? Are there any courses I can attend or programs that I can join?
Absolutley free information is available through the state housing development authority or state housing agency. You may be able to qualify for a variety of programs to save you money on the rate or get down payment assistance.
Also check http://www.homebuyingguide.org/
BE CAREFUL with the ARM loan. If you plan on living in the property for more than 4 years, you could get into a bad situation if rates go up. (As they are expected to do.)
Sample websites are
http://www.ohfa.org/
http://www.nyhomes.org/home/index.asp
http://www.ihda.org/ViewPage.aspx?PageID=2
http://www.calhfa.ca.gov/