addi: AMERICAN DREAM DOWNPAYMENT INITIATIVE (ADDI) IS BACK - 02/16/08 05:00 PM
The American Dream Downpayment Initiative program is back. ADDI, as it is known, allows prospective home buyers to receive a forgivable grant of between $10,000.00 and $25,000.00 to help with the purchase of a single family home. This money may be used for down payment and/or closing costs and prepaid items. … (2 comments)
addi: HALFWAY THROUGH THE YEAR - 07/01/07 10:11 AM
Happy July 1st ! We are halfway through a very interesting year. For all the predictions of gloom and doom in the real estate arena, everything seems to be OK for most people involved in real estate. Most of my business at McCue Mortgage has always been Conventional, CHFA, VA or FHA. The sub-prime … (3 comments)
addi: I'LL NEVER REPLACE IMUS IN THE MORNING - 04/14/07 03:16 PM
What a blast I had this morning. I was invited to appear on Everyday People with Ann Buonocore this morning at 10:00 AM. Ann hosts a talk show on WXLM News/Talk 103 broadcasting from New London, CT. Her other job is owning a real estate office in Mystic, CT called Buena Vista Real … (4 comments)
addi: VA and ADDI NOW WORK TOGETHER - 01/28/07 05:04 PM
We just received the OK from the Veterans Administration to allow the American Dream Downpayment Initiative money to be used in conjunction with VA. VA has always allowed 100% financing but looked for the veteran to cover their own closing costs and prepaid items or ask the seller to help out.With … (1 comments)
addi: Lots Of Dollars Available When You Don't Have Lots of Dollars - 12/09/06 04:37 PM
Prospective homebuyers have lots of options available to them in the mortgage markets, even when they don't have lots of money. Consider the following: VA - 100 % financing and the seller can pay the closing costs and prepaid items for the buyer. CHFA-FHA-DAP - this combination of 3 government programs allows buyers … (4 comments)
addi: ALPHABET SOUP - 11/11/06 07:30 AM
We have been working with a client that is able to take advantage of the ALPHABET SOUP of mortgage programs: CHFA-PMI-ADDI-UR. That mouthful means the first mortgage is coming from Connecticut Housing Finance Authority. The insurance on the loan is coming from Genworth, a private mortgage insurance company. This client is able … (1 comments)
addi: American Dream Downpayment Initiative - New London County, CT - 09/11/06 07:56 PM
Tha ADDI program administered by Eastern Connecticut Housing Opportunities has been helping prospective home buyers in New London County. The program is making $10,000.00 -$25,000.00 available to borrowers that need assistance with downpayment and closing costs. If the borrower stays in the home for 5 years the ADDI grant is forgiven. … (0 comments)
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The American Dream Downpayment Initiative program is back. ADDI, as it is known, allows prospective home buyers to receive a forgivable grant of between $10,000.00 and $25,000.00 to help with the purchase of a single family home. This money may be used for down payment and/or closing costs and prepaid items. … (2 comments)
