Real estate blog entries tagged with assistance by Dan Hartman (Province Mortgage Associates

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Home : Blogs : Dan Hartman : Mortgages, Finance and Economics - Quality Loans from Dan Hartman : Tag "assistance"

assistance: Down Payment Assistance Programs: Suspended, for now - 09/15/08 09:59 AM

Well, it's official. I got an email this morning from our last wholesaler that was offering to fund loans using seller-funded down payment assistance programs like Nehemiah or Ameridream, stating that they were going to stop accepting new registrations for loans using these programs.
So, this means no more 100% financing, right?
Well, not exactly.
According to the Wall Street Journal on Wednesday, several members of Congress, including Financial Services Committee Chair Barney Frank, are pushing legislation that would restore the status of seller-funded down payment assistance programs such as Nehemiah and Ameridream. The legislation would, however, place significant restrictions on … (3 comments)

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Dan Hartman

Providence, RI

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