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nehemiah: Any word on the Bill to SAVE the Down Payment Assistance Programs? - 08/22/08 12:08 PM
Hi,
I know that the Downpayment Assistance Programs are on the blocks to go away at the end of September thanks to the recently signed Housing Bill.  However, I also know that there is a new Bill specifically trying to save the Down Payment Assistance programs.
Do you know where that Bill stands?  Is it likely to pass?  Personally, I like the DPA system.  That or Zero Down FHA loans... Either way, I'm good with it.
Thanks for your feedback!
… (1 comments)

nehemiah: Help Save the FHA Down Payment Assistance Programs! - 08/06/08 12:23 PM
Call To Action!!!
An unfortunate part of the recently signed housing legislation is slated to eliminate the Downpayment Assistance programs that allow Sellers to contribute the FHA loan down-payment through programs like Nehemiah.
There is a new proposal, H.R. 6694 that would save the Downpayment Assistance programs.  I encourage you to write your representative and encourage them to Approve H.R. 6694.  The Nehemiah Program is making it easy to write your representative, simply visit http://www.GetDownPayment.com and follow the link under the Countdown Clock.
The Downpayment Assistance Programs have helped thousands of Buyers get a home!
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nehemiah: Zero Down Loans..... Not Quite Gone Yet.... - 08/06/08 11:46 AM
Buying a house with no money down is getting harder and harder.  We are basically down to getting an FHA loan with a minimum of 3% down and having the Seller contribute 3% + $500 to one of the down payment assistance companies like the Nehemiah Program.
Unfortunately, part of the recent housing bailout legislation is scheduled to eliminate those programs.  They are currently available, but as I understand it, the sale of a house must close before October 1st, 2008 to use that type of program.
Another unfortunate provision of the housing bailout legislation is that FHA loans will require 3.5% down … (0 comments)

nehemiah: Housing Rescue Bill Signed Into Law - 08/03/08 01:17 AM

On Wednesday July 30th, 2008, President Bush signed the Housing Rescue Bill into Law. 
The big question... What does this mean to you?  The answer is "several things".  This is a sweeping housing law.  The goal is to stabilize the housing market across the country.   Washington State has had a bit of a price slump after several years of huge gains, however the problems in the Nation's real estate market have really only dealt us a glancing blow in the grand scheme of things.  However, we will reap all of the benefits of this new law!
The primary objectives of … (1 comments)

 
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Bill Sauneuf

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