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FHA Downpayment Assistance Programs End
The recent Housing Bill signed by President Bush eliminates the Down Payment Assistance Programs that allows sellers to help buyers purchase their property by making a donation to the Down Payment Assistance Programs that in turn gifts the buyers down payment assistance funds. If you are a buyer that has been considering purchasing a home but haven't, here is a golden opportunity to save yourself 3% out of your own pocket! There is great value and homes in the market place. If you are in need of this program you need to be under contract by Sept 30, 2008 in order for FHA to allow the Down Payment Assistance to be given to you.
This may be one of the last and easiest 100% no money down opportunities you will see for a while if you qualify. FHA's more lenient credit requirements make this more feasibile for those with scores in the low 600's. Contact us for a free consultation and list of great FHA homes available today!
