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dallas home buyer assistance programs: FHA Downpayment Assistance Programs - Terminate or Compromise? - 09/10/08 02:28 PM
Many are questioning whether the October 1st ban on FHA down payment assistance programs is good for business.  Seller funded gifts have allowed many families with little or no money in the bank an opportunity to enjoy the benefits of homeownership.  Many claim that these types of DPA programs inflate home prices and have contributed to our currrent foreclosure epidemic.  Congress is now considering alternative options for FHA down-payment assistance programs that might provide a better solution than terminating the program altogether.
One of the proposals is to allow borrowers with credit scores of 680 or above to use seller-funded down-payment assistance on FHA … (0 comments)

 

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