Real estate blog entries tagged with down payment assistance

Blog entries tagged with "down payment assistance":

down payment assistance: Free Money for Houses, College or Small Businesses! - 11/20/08 11:50 PM

The free money comes from an under- used program in Utah called the Individual Development Account (IDA). The accounts are funded by a combination of private and governmental contributions and administered by the non-profit AAA Fair Credit foundation (877-787-0727 or email info@uidan.org). UIDAN stands for Utah Individual Development Account Network.Here's who … (0 comments)

down payment assistance: One down payment assistance program is back - 11/19/08 08:32 PM

Hello, are you or a client looking for down payment assistance? Since, the removal
of down payment assistance programs, the access for buyers to reach the American Dream
has been difficult. Announced today by Great Western ONE down payment program is
back. See below, and if you have any questions contact … (0 comments)

down payment assistance: 3.5% down payment on FHA effective 1/1/09 - 11/19/08 10:05 AM

Changes:
1. The down payment calculation method will be simplified - property value and average closing costs by state (High Cost/Low Cost Factors) will no longer be considered.
2. The cash down payment required will be 3.5% of the appraised value, or the sales price (whichever is less). Closing costs may … (1 comments)

down payment assistance: Rural Housing Loans - No money down - USDA loans - 11/18/08 11:22 PM

Rural housing loans are not FHA loans. They do follow some of the same requirements of the FHA loans, but can be a little stricter than FHA also.
Rural housing loans aka USDA loans, can be used for both purchases and refinancing. And don't be fooled by the name … (11 comments)

down payment assistance: Would you like your LO to learn how to originate Renovation Loans? - 11/18/08 06:40 PM

… (0 comments)

down payment assistance: Down Payment Assistance Loans ~ Spokane Neighborhood Action Programs - 11/18/08 12:38 AM

Down payment assistance funds may be available for first time home-buyers in Spokane, WA. These funds are offered by the Spokane Neighborhood Action Programs, also known as SNAP.
Features of the Down Payment Assistance Loan includes:
Loan payments are deferred for 30 years or until sale,, transfer, refinance or change of … (0 comments)

down payment assistance: SHOPping for a home mortgage loan? Down Payment Assistance in Springfield! - 11/17/08 05:05 PM

The City of Springfield administers a program to help low to moderate income purchasers get into their first home. It is called SHOP which stands for Springfield Home Ownership Program. This assistance program was created to encourage home ownership in Springfield by assisting low income residents with their first-time home purchase. … (6 comments)

down payment assistance: Short Sale Nightmare - Part III - 11/17/08 04:35 PM

Those of you who read my blog regularly know I have been calling for a ban on all short sales in Phoenix and the towns around the Valley like Scottsdale, Fountain Hills, Tempe, Peoria, Glendale, etc... .
There are a variety of reasons I am up in arms at the way … (12 comments)

down payment assistance: Unique Homebuying Opportunities Abound - 11/17/08 03:13 PM

Although the newspapers and Wall Street is flooded with depressing information on the economy, and despite Dow Jones record lows as well as the recent news that the government will not be buying up bad debts from banks, there are still multiple opportunities in the Real Estate Market for buyers who … (0 comments)

down payment assistance: Next Free Money Workshop: Down Payment Assistance Programs - 11/17/08 10:41 AM

I'll be hosting my next "Free Money: The Low Down on Downpayment Assistance Programs" workshop on Thursday evening, December 11, 6:45 p.m. to 8:45 p.m., at 1900 Bering Drive, near the Galleria. Home buyers preparing to purchase within the next 12 months are encouraged to attend. Learn about programs offering as … (0 comments)

down payment assistance: Free Money! Free Money! And no, it's not a Bailout - 11/14/08 04:22 PM

The biggest barrier to homeownership is the down payment. There are numerous down payment assistance programs available to most first-time home buyers. Millions of dollars are available on a first-come, first-served basis. If you want to buy Houston real estate this is good news.
What's a first-time home buyer? Well, besides … (0 comments)

down payment assistance: New FHA Program is Sure to Help Sell More Homes! - 11/14/08 10:41 AM

This is a bit long - but important info none the less!
- Down Payment Assistance was a great program and helped many families realize the dream of home-ownership. Now that Down Payment Assistance is no longer available, what options do buyers have?
It is a well known fact the many … (13 comments)

down payment assistance: The Fight for Down Payment Assistance Is Not Over Yet - 11/13/08 11:19 AM

The Fight for Down Payment Assistance Is Not Over Yet We received an eMail from NAR this morning. The post contained a pre-drafted letter for REALTORS® to print and send to their Congressional Representatives. While the letter is spot-on, we see an opportunity to add one more bullet point to the … (0 comments)

down payment assistance: Buyer Beware!- Make sure Community is FHA eligible - 11/12/08 02:09 PM

One of the most popular type of financing used here in Greater Phoenix, Glendale, Peoria, even Scottsdale is FHA financing.
FHA financing here in the valley has really picked up steam as of late with the rush to take advantage of Seller-Assisted down payments or charitable down payment assistance programs like … (10 comments)

down payment assistance: Affordable Housing: Real Down Payment Assitance in Dane County - 11/11/08 02:21 PM

We're fortunate here in Dane County to have several State and local agencies providing Down Payment Assistance to eligible First Time Home Buyers that qualify. Affordable housing and Dane County are not always synonymous terms, so many of these agencies have been created to try and bridge that gap, to make … (0 comments)

down payment assistance: Do we need Down Payment Assistance back ? - 11/11/08 11:14 AM

Are down payment-assistance programs cash-back fraud?
As, Federal regulators are closely examining lending practices there is increasing scrutiny of these programs as questions arise if the down-payment is actually a contribution or kick-back from the seller. Here's why.
The buyer is including an extra amount (usually 3%-5%) in the price of … (2 comments)

down payment assistance: Down Payment Assistance and First Time Home Buyer Program Information - 11/10/08 10:16 AM

GetPrequalified.com is launching the free zone for Down Payment Assistance and First Time Home Buyer programs. Each state is represented. This is one of the most concise websites for down payment and first time home buyer articles. The complete state list will be up by November 15th. Go to GetPrequalified.com for … (0 comments)

down payment assistance: Down Payment Assistance Needed - Call Congress for upcoming lameduck session - 11/10/08 06:41 AM

With all the misspent funds for the $700 billion Bucks for Banks program now well underway, we are still left with millions in home inventory and millions of prospective home owners unable to buy because of a lack of down payment.
Congress will meet next week and look at economic stimulus. The approach will … (4 comments)

down payment assistance: START TO BUILD YOUR WEALTH AS A HOME OWNER - 11/08/08 06:42 PM

WHY RENT WHEN YOU CAN BUY
Why pour money into your landlords pocket? How much rent do you pay?
The following chart shows how much you pay to your landlord. This money could be used to pay a mortgage on a home that you own. If you buy a home by … (0 comments)

down payment assistance: Clarification about FHA Downpayment Assistance..... - 11/08/08 08:31 AM

On October 1, the Federal Housing Authority (FHA) went through some significant changes which many are confused about. Let me clarify some of these changes:
The downpayment for a new home purchase using a FHA Mortgage is now 3 1/2% of the purchase price, up from 3%.
Seller downpayment assistance (DPA) is … (0 comments)

down payment assistance: Couple Buy House and Live to tell about it! - 11/06/08 12:34 PM

With so much negativity surrounding real estate in all facets of the media, national and Phoenix area news headlines read like a Stephen King horror story.
Admittedly, these are some challenging times for homeowners and home buyers. Prices have dropped , sellers are losing equity in their homes, and many would-be … (8 comments)

down payment assistance: Long Beach California First-Time Home Buying Assistance - 11/05/08 04:09 PM

Good news for first time buyers in the Long Beach area: The buyer affordability index is higher than it's been in several years--in Los Angeles County it's up to 40% or higher. Condo prices in particular have softened a great deal, and house prices are lowering also.
One of the best … (0 comments)

down payment assistance: $7500 Tax Credit... how to inform Lake Mary real estate buyers - 11/05/08 04:04 PM

Okay, we all know that the loss [unless something changes] of Ameridream and Nehemiah is going to stiffle the first-time buyer's ability to jump in the market, do we not.

Well... maybe not so fast. What about the IRS-Funded Down Payment Assistance?
I am talking, obviously, about the new $7500 … (0 comments)

down payment assistance: 22 Ways to Get Funds to Close an FHA Loan...Continued....Did I say Sweat Equity??? - 11/04/08 05:50 PM

FUNDS TO CLOSE for FHA As the up and downs continue, many of my clients call wondering how they are going to get the funds needed to purchase a home. There are many alternatives available depending on their own particular situation but FHA may be the answer they are looking for. … (1 comments)

down payment assistance: Punctual Payment Program: A Worry Free FHA Loan Reimbursement - 10/29/08 08:04 PM

Punctual Payment Program: A Worry Free FHA Loan Reimbursement
Here is another option to FHA Alternatives to Down Payment Assistance programs that went away. I wrote a blog last week talking about the alternatives here

What is the Punctual Payment Program?

The Punctual Payment Program in a nutshell rewards … (13 comments)

down payment assistance: Email I received regarding Down Payment Assistance from Senator Kay Bailey Hutchison - 10/29/08 07:44 PM

Dear Mr. Good: Thank you for contacting me regarding down payment assistance programs. I welcome your thoughts and comments on this issue. Under current law, in order to qualify for FHA-insured home loans, borrowers are required to contribute a minimum amount to the cost of purchasing the home. Under certain circumstances, … (0 comments)

down payment assistance: Down Payment Asst. vs. NO Down Payment Asst.--Which is the Strongest Offer?? - 10/28/08 03:21 PM

Okay. I am working with a Buyer (well, actually a few Buyers) that needs and qualifies for Down Payment Assistance with Orange County, FL. The hoop that a Buyer with OC in FL needs to jump through, though, is that the PROPERTY must also qualify. For a house in Orange County, … (2 comments)

down payment assistance: Home Lending takes a giant leap back to 1999! - 10/28/08 09:52 AM

Buying a home these days is much like buying a home 10 years ago. It’s almost as if those heady days of exotic home loans with nothing down, stated income and no documents never existed. You have to have decent credit (580 credit scores and above) a down payment and verifiable … (1 comments)

down payment assistance: Bridging the Gap to Real Estate Success: The Magic of thinking Big 10.08.08 - 10/27/08 11:20 PM

Basically, we are what we think, so think big... (Book review by "newchapter")
1) Build confidence in yourself. You are bigger than you think you are. Action reduces fear, so act. Take small steps at first: Sit in the front everywhere you go, practice eye contact, walk 25% faster, practice speaking … (1 comments)

down payment assistance: Georgia Dream Homeownership Program - Down Payment Assistance - 10/27/08 11:25 AM

The Georgia Dream program has been around since 1977, but changed the name to Georgia Dream in 2005. It helps Georgians achieve the dream of Homeownership by providing First Mortgage Financing and Down Payment Assistance.
Here's how it works:
They provide the 30 year fixed rate mortgages Local lenders approve Conventional, … (3 comments)

down payment assistance: $60 Million Cash Boost for Minneapolis, St. Paul, Hennepin, Dakota and Anoka County to help housing crisis. - 10/25/08 08:39 AM

Courtesy of StarTribune Newspaper, Saturday, Ocotber 25, 2008.
Minnesota housing crisis to receive $60,000,000 cash boost.
By MARIA ELENA BACA, Star Tribune
"The nearly $60 million in federal money is aimed at selling and rehabbing abandoned and foreclosed homes. The federal government is lending a $57.8 million hand to state … (0 comments)

down payment assistance: 100% Financing Option Now Available for Atlanta Home Purchases!!! - 10/24/08 05:00 PM

100% Financing Option Now Available for Atlanta Home Purchases!!!
Did you miss out on Down Payment Assistance?? We'll there's ANOTHER way!!!
· 95/5 Financing on Atlanta Homes, Atlanta Townhomes, Atlanta Condos---you name it!!! (the 5% down payment is a 20 year, fixed rate 2nd that we have available.)
· Seller is allowed to … (0 comments)

down payment assistance: Small world, I met an Active Rain Member today! - 10/24/08 04:10 PM

This morning I was at a class to learn about the Georgia Dream home ownership program. It is a great program that helps with 0% interest down payment assistance. After the class, I was approached by someone who said to me, Hey, I've been following you on Twitter and I've been reading your Blog on … (10 comments)

down payment assistance: FHA Down Payment Assistance Program Alternatives - 10/23/08 08:10 PM

The Bad News…DAPS Going Away The Housing and Economic Recovery Act of 2008 eliminates seller-funded down payment assistance programs (DAPs) as an acceptable source of funds for FHA loans for all lenders. Officially, the Act eliminates seller-funded DAPs on FHA loans with final credit approval issued to the borrower … (25 comments)

down payment assistance: First Time Home Buyer's ~ Opportunity to Own Your First Home In Shasta County! - 10/22/08 10:41 PM

The time is right and the numbers work. It is a good time to think of investing in the real estate market and making that important decision to own your own home. With tax incentives that disappear in six months and local down payment assistance programs....now may be your perfect time … (1 comments)

down payment assistance: Couple of important updates/information - 10/22/08 02:15 PM

**Investment purchases with Lender Paid Mortgage Insurance or Buyer Paid Mortgage Insurance will no longer be allowed on LTV's 80%+, which means 20% down on ALL Investor purchases!**

Please note- this is not a Wells Fargo change, this is coming down from the MI companies and therefore will apply … (0 comments)

down payment assistance: City of Austin Shared Equity Program - 10/21/08 06:31 PM

The City of Austin Shared Equity Program was developed as way to help school teachers qualify to buy homes, the program was later made available to all home buyers who met the criteria.
The Shared Equity Program provides assistance up to $40,000 in the form of 0% interest loan that you … (0 comments)

down payment assistance: Would Down Payment Assistance Programs Help or Hurt the Credit Markets? - 10/21/08 10:36 AM

In the midst of the mortgage crisis, rising interest rates and tighter lending and the disappearance of 100% financing, the last lending option has been taken away for credit worthy borrowers who lack the money for a down-payment
Down-payment assistance programs like
Ameridream, Nehemiah Grant America Program have offered Phoenix … (12 comments)

down payment assistance: Down Payment Assistance LIVES in OHIO - 10/16/08 07:48 PM

$22,500 for a new home is available to you if you are a first time buyer or have not owned a home in 3 years. Read on... In Summit County, there is a program for first time buyers which matches your down payment, 3 to 1. The max matching funds offered … (8 comments)

down payment assistance: 22 Ways to Get Funds to Close an FHA Loan...Continued - 10/16/08 03:51 PM

FUNDS TO CLOSE for FHA With the extreme ups and downs of the current market, I know many of my clients are wondering how they are going to get the funds needed to purchase a home. But within the FHA guidelines, there are many alternatives. ***Some of these FHA guidelines may … (2 comments)

down payment assistance: 1% Down FHA Program - 10/16/08 02:32 PM

A new 1% down FHA program is now available to all home buyers! This program allows home buyers to only bring 1% of the mortgage amount to the closing table and even that amount can be gifted per FHA guidelines. Only a select number of lenders have this program.
More … (5 comments)

down payment assistance: Sharing Motivational Strategies and Thoughts for a Better Life - 10/16/08 08:12 AM

For the past 6 years working as a self motivated Mortgage Consultant in Frisco Texas, and targeting a goal where 90% or more of my business comes by referral, I have had to search and find what "gets me going in the morning" to meet that goal. In doing this, I … (2 comments)

down payment assistance: Don't have a down payment....why not ask your local town to help? - 10/15/08 05:27 PM

Traditional down payment assistance is now dead and gone. For years we've all driven by those 100% financing signs. But now lenders and FHA have pulled back from the previous years lending practices and now the landscape has changed. In an earlier article, I mentioned a program for lower income families … (0 comments)

down payment assistance: Recent FHA Changes - 10/15/08 03:13 PM

Over the last number of months, FHA began implementing some changes to their programs. In addition, the Housing and Economic Recovery Act placed additional changes in FHA practices, some of which modified FHA proposed changes. I have listed some of those changes below.
Converting Existing Homes to Rentals
The FHA … (0 comments)

down payment assistance: FHA Changes, The Qualified Buyer, and Overcoming Credit Hurdles... Help for Realtors! - 10/15/08 09:59 AM

Park Place Title is proud to annouce the first of a multi-part seminar series....
You are invited to a FREE educational seminar regarding recent changes to mortgage finance options and program guidelines. Get up-to-date information on current financing conditions and trends. Our guest presenters for this seminar, Orlando Mortgage Solutions, will … (0 comments)

down payment assistance: 100% Financing is Back - 10/14/08 11:36 PM

I am sure you all know that DPA (Down Payment Assistance) programs ( Ameridream & Nehemiah) were canceled as of 10/01/2008. This helped many home buyers get into a home with no money out of their pocket. Approx 40% of all FHA PURCHASE loans used DPA. The DPA could cover either down payment and … (0 comments)

down payment assistance: 100% Financing is BACK - 10/14/08 11:24 PM

down payment assistance: CALHFA - 100% financing is not completely gone! - 10/14/08 09:07 PM

Yes, we can still finance 100% in California
Now that I got your attention, let me give you some background on me and why I feel 100% financing is a big deal where I come from.
Growing up in a single parent household, my mom saw home ownership as just a … (1 comments)

down payment assistance: Florida Housing MRB/DPA: Request for Assistance - 10/12/08 02:25 PM

Over the years Florida Housing's Mortgage Revenue Bond (MRB) program has provided billions of dollars and helped thousands of Floridians achieve homeownership! Virtually every aspect of our housing finance or mortgage market is now feeling the ongoing and deepening impact of our "credit crunch" with no immunity spared to any agency … (8 comments)

down payment assistance: FOR North MISSISSIPPI - MS Home Corp DPA - Down Payment Assistance - 10/11/08 03:09 PM

Features of the Down Payment Assistance Program:
(1st Mortgage) FHA, VA, or RD qualifying guidelines. (2nd Mortgage) Interest rate of 1st Mortgage, 10-year fixed rate, no prepayment penalty. Maximum down payment assistance is 3% of loan amount (not sales price). Sales price of property being purchased or built must be … (0 comments)

down payment assistance: Mortgage Straight Talk And The Economy - 10/09/08 07:12 PM

Welcome to my new Blog and thanks for being a part of it! I plan on updating this Blog on at least a weekly basis. I will discuss of course the Real Estate Market. I'll mix in some lending comments and also what the economy may be up to at that … (0 comments)

down payment assistance: US Bank Still Has Down Payment Assistance - 10/09/08 03:34 AM

I am sure everyone is aware that charitable down payment contributions from the seller through Ameridream and Nehemiah are no longer acceptable as of October 1 2008.
US Bank still has a community reinvestment act loan that still allows for the seller to contribute funds towards the borrower's down payment.
This … (6 comments)

down payment assistance: Updated First-Time Home Buyer Rates for NJ (Again) - 10/08/08 07:40 PM

New Jersey First Time Home Buyer program rates have changed, again. I hosted a very similiar message just over a week ago. In the past these programs would only change every so many months. Not only that, but these rates were usually lower than regular conventional and FHA/VA rates. Well say good-bye … (0 comments)

down payment assistance: Federal response market recovery - 10/07/08 08:07 PM

The market response after the bailout bill has been disappointing, but the bill actually did little to address the economy's problem. As massive as it is, as costly as it is, as loaded with pork as it is, the bailout did not address foreclosures, home inventory, unemployment, unfreezing the credit markets, … (4 comments)

down payment assistance: Loan Program Updates for Alexandria VA Home Buyers - 10/07/08 05:36 PM

As of October 1, 2008, many of the first-time homebuyer programs are no longer available.
Buyers can no longer take advantage of any down payment assistance program where the seller is contributing anything toward the down payment. This includes the Nehemiah and Ameridream loan programs.
While sellers are no longer … (4 comments)

down payment assistance: Fall Real Estate Seminar Series 4th Quarter Lending Update - 10/07/08 11:01 AM

Park Place Title is proud to annouce the first of a multi-part seminar series.... You are invited to a FREE educational seminar regarding recent changes to mortgage finance options and program guidelines. Get up-to-date information on current financing conditions and trends. Our guest presenters for this seminar, Orlando Mortgage Solutions, will … (2 comments)

down payment assistance: Wanting to Buy But Need Some Money? - 10/07/08 09:07 AM

Trulia just completed a survey on homeownership:
The results from our national American Dream Housing Study conducted by Harris Interactive are in. "70 Percent of Non-Homeowners Have No Plans To Purchase a Home in the Next 12 Months; Nearly Half in 18-34 Age Group Say It's Too Costly to Purchase a … (6 comments)

down payment assistance: 100% Financing - Yes, It Still Exists! - 10/06/08 11:50 PM

Much "to do" has been made over the recent housing legislation that has eliminated the use of seller funded DAPS (down payment assistance programs). I can say this - HUD has been against these programs for years, and the new bill was their way of finally getting rid of them - … (1 comments)

down payment assistance: First Time Home Buyers Do's & Dont's When Purchasing Real Estate - 10/06/08 06:27 PM

First Time Home Buyers Do's and Dont's of Home Purchasing

So the bug hit you today, you started thinking about, "why, can't I own a home and stop paying rent?" Great question and one that isnt taken lightly. You should do research but also consult a local agent that … (2 comments)

down payment assistance: FHA and MI and Disclosures, Oh My! - 10/05/08 09:20 PM

Lots of changes in the industry take place this month…here’s a summary:
First let’s discuss FHA, since it is pretty much going to be the #1 way to finance deals in this market (you’ll see why a little further down).
FHA has increased their MIP factors just a little bit, from … (2 comments)

down payment assistance: Down Payment Assistance in St Lucie County - 10/05/08 07:50 AM

A new advertisement has been placed in the local Scripp's Treasure Coast Newspaper from St Lucie County. I am in the process of sending it out to several of my customers. It is a program for Down Payment Assistance for those buying in St Lucie County. It is limited in … (0 comments)

down payment assistance: Homebuyers Relief Excluded from Bailout Bill - - 10/03/08 09:08 PM

Homebuyers Relief Excluded from Bailout Bill
Friday, October 3, 2008 - Today, President Bush signed the Emergency Economic Stabilization Act of 2008 after the House passed the financial bailout bill. Unfortunately, a provision that included language similar to H.R. 6694 which provides for the reform of privately-funded downpayment assistance (DPA) programs … (0 comments)

down payment assistance: DPA (Down Payment Assistance) is gone, 100% is gone....so why am I smiling? - 10/02/08 03:38 PM

Over the past couple of weeks we successfully closed our last remaining DPA (Down Payment Assistance) transactions and thus the last 100% financing loans.... Possibly for ever? My last two DPA transactions were first-time home buyers, who "needed" the program. They didn't have enough money for a down payment, and these … (6 comments)

down payment assistance: Register to Receive FNMA Single-Family E-mail Updates, Alerts, and Newsletters - 10/02/08 09:38 AM

Register to Receive FNMA Single-Family E-mail Updates, Alerts, and Newsletters
To give you more options for receiving communications from Fannie Mae, they have enhanced their e-mail registration process. You can now register on eFannieMae.com to receive the latest single-family mortgage business updates, alerts, and newsletters by e-mail, including:
Selling Policy … (0 comments)

down payment assistance: Need your feedback! Planning our Fall Seminar Series! Orlando Area... - 10/02/08 08:21 AM

Hello Fellow ‘Rainers! I hope everyone is enjoying some Fall weather! It is just around the corner for us here in Central Florida. Or at least that is what I am hoping for! With the arrival of Fall, Park Place Title is planning it’s Fall Educational Series and I would like … (1 comments)

down payment assistance: How I learned to sell more Listings/REOs - 10/02/08 01:34 AM

All types of homeowners and homebuyers can enjoy the benefits of the our renovation financing program. Any qualified customer who plans to purchase or refinance a primary residence, second home, vacation home or an investment property to make renovations is eligible to apply for financing. Here are some examples and scenarios … (4 comments)

down payment assistance: Mortgage rescue, foreclosure relief, downpayment assistance - 10/01/08 08:42 PM

Mortgage bailout, $700 billion rescue plan The Senate has just passed the mortgage market rescue plan. The bill itself has grown from the original 3 page Treasury proposal, to a 110 page rewritten House bill, and now stands at whopping 451. My question is how many of the Senators voting tonight … (7 comments)

down payment assistance: California Mortgage Revenue Bond (MRB) Programs - 10/01/08 10:14 AM

As a part of the Down Payment Assistance Resource Group, I was recently asked by the group founder, Ron Withers, to provide info on California's Mortgage Revenue Bond (MRB) programs. As a true believer in the American dream of home ownership, I believe that everyone who wants to own a home should have … (8 comments)

down payment assistance: Down Payment Assistance Still Available in Dekalb County, GA - 09/30/08 03:28 PM

Did you know that there is Down Payment Assistance available for 1st Time Home Buyers in Dekalb County? Applications are now being accepted for the DeKalb County First-Time Homebuyer Program, funded by the DeKalb County Community Development Department and administered by the Housing Authority of DeKalb County.
Here's how it works: … (3 comments)

down payment assistance: What's in that big bailout bill? A first look - 09/30/08 03:09 PM

Excerpt:
1) There's a mortgage insurance program, as pushed by House Republicans, but it's completely at the discretion of the Treasury Secretary. Institutions can ask for insurance, Treasury "may" grant it. Verdict: Not gonna happen, at least not much.
2) There's an oversight board, which consists of the Fed chairman, the … (4 comments)

down payment assistance: Gulfport Launches HOMELINE Program - offering $50,000 for Down Payment Assistance - 09/30/08 06:19 AM

Attention all potential homebuyers that want to buy their primary residence in Gulfport, MS!!
Beginning October 1st, you can pick up your HOMELINE application at Trailer E-2 near City Hall. Part of the application process will be to obtain your homeloan financing.
Call Molly Lionberger, Assistant Vice President at First … (0 comments)

down payment assistance: My Heart Bleeds for THE American People and The DREAM - 09/29/08 09:49 PM

My heart hurts so much for what is happening to our Home Of The FREE and Land of The Brave!! The DOW drops, the Government bails us out, and we are on the verge of the HUGE 1930 Depression.
Homebuyers want to BUY but the banks are in the way....Home … (0 comments)

down payment assistance: Bank owned properties, Nehemiah and Real Estate Highs and lows - 09/29/08 06:39 PM

For the record I love bank owned properties around the Orlando, FL area. They are great deals for buyers, it allows most buyers to get into a great home in a great area for less, just needs a little TLC. However this week has been a trying one. My … (6 comments)

down payment assistance: 719 Strathmore Orlando, FL Stunning Downtown Orlando Home qualify for City of Orlando DPA - 09/27/08 05:43 PM

Home Qualifies for up to $35,000 in City of Orlando, FL Down Payment Assistance. Stunning home in a great area.
I hope that you continue to come back to my blog or click to subscribe to my RSS feed
For information on buying, selling, or auctions in Central Florida, Orange County and … (1 comments)

down payment assistance: Down Payment Assistance needed.... - 09/25/08 10:43 AM

As many have probably read, heard and encountered good ole FHA will be doing away with DPA (Down Payment Assistance) programs....well not entirely that is! While it is true that the cut off date is Oct. 1st for the current DPA program they are not doing away with it all together. … (0 comments)

down payment assistance: 2 solutions for Ameridream Down Payment Assistance dissolution in Nashville, TN - 09/24/08 04:08 PM

I just found out about these two programs as I was in a desperate search for a buyer of mine. They have no money to bring to closing, but need a new home fast. If you haven't heard of these two programs, I encourage you to do your own research with … (0 comments)

down payment assistance: Urgent Call to Action: Downpayment Assistance Ends in 6 Days - 09/24/08 01:40 PM

Just when our market shows a few little glimmers of coming back, they cut the seller funded down payment assistance programs! This will actually HURT our market worse than anyone can imagine! If you would like to learn more about why, and who to tell that you want to keep it, … (4 comments)

down payment assistance: FHA is open to seller funded down payment assistence, but with conditions..... - 09/24/08 09:07 AM

Since the majority of my business these days is FHA, I have been following this very closely. It appears that Chairman of the House Financial Services Committee Barney Frank has negotiated an agreement with HUD Secretary Steve Preston that will allow the continuation of the privately funded down payment assistance programs. … (3 comments)

down payment assistance: In the nick of time! - 09/23/08 06:22 PM

I had several closings this month with down payment assistance. Whew! Just in the nick of time...what shall we do from here on out...? I'm confident we will come up with solutions...even though we have been more than familiar with 0 down or down payment assistance...People will just have to adjust...I … (0 comments)

down payment assistance: Converting Existing Homes to Rentals - 09/23/08 11:15 AM

HUD has issued Mortgagee letter 2008-25 with new underwriting guidelines for borrowers who wish to keep their current home while financing the new home FHA. Effective with all FHA case numbers assigned on or after September 22, 2008, rental income may not be used to offset the current mortgage payment. There … (1 comments)

down payment assistance: Florida Housing: Down Payment Assistance—Update, Overview & Funds Availability as of September 23, 2008 - 09/23/08 04:14 AM

Ron Withers and Town & Country Mortgage Services are partnered with Florida Housing to provide affordable housing financing using their mortgage revenue/down payment assistance program. Provided below is an update/overview of loan programs and funding availability status. Florida Housing establishes the terms, guidelines and interest rates for these programs which are … (0 comments)

down payment assistance: is downpayment assistance lost in the push for $700 billion bail out? - 09/22/08 11:05 PM

Meanwhile back at the down payment assistance ranch, time is running out. The consensus is that the legislation will pass the House floor vote. Many had thought it would go to the House floor by now. Likely the debate over the $700 billion bail out of the global financial markets has pushed … (13 comments)

down payment assistance: CalHFA Suspends Loan Programs and Down Payment Assistance - 09/22/08 09:34 PM

Just got this announcement from CalHFA. This is a huge blow to First Time Home Buyers in California. These programs help a lot of people bridge the down payment gap. I hope we get these back soon!
Effective immediately and until the financial markets stabilize, the following CalHFA first mortgage products … (2 comments)

down payment assistance: Downpayment Assistance H.R. 6694 - 09/21/08 11:00 AM

H.R. 6694 is approved by key Congressional Committee
Bipartisan legislation would reauthorize downpayment assistance
GAITHERSBURG, MD – Ann Ashburn, President of AmeriDream, issued the following statement today after the House Financial Services Committee adopted H.R. 6694, legislation designed to reauthorize and reform downpayment assistance programs that the Bush … (0 comments)

down payment assistance: USDA Rural Housing and Property Eligibilty - 09/20/08 08:41 AM

A significant misconception exists in the marketplace among consumers, realtors and mortgage loan officers/brokers as to USDA "Rural Housing" and what this mortgage program applies to. Do not be fooled by the term "rural housing" in assuming that this program is for consumers to purchase a home, farm and/or small acreage … (14 comments)

down payment assistance: $7,500.00 First-Time Home Buyer Tax Credit - 09/20/08 06:18 AM

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009. The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly … (0 comments)

down payment assistance: ACT NOW to Help the Housing Market (from www.BarkerBlog.com) - 09/20/08 12:54 AM

When most people talk about first time home buyer programs or home buyer assistance programs they are almost always talking about Down Payment Assistance Programs (DPAs). DPAs have been around for over a decade and have helped hundreds of thousands of families purchase a home who would have otherwise not been … (0 comments)

down payment assistance: First Time Home Buyers Questions - Lake Mary Real Estate - 09/19/08 01:32 PM

I am an agent that lives the lives of most my buyers. I understand our needs for communication, education, flexibility and need for instant access and well wanting more then we can truly afford. I was a first time home buyer and now specialize working with first time home buyers in … (0 comments)

down payment assistance: First Time Home Buyers Questions Answered - 09/19/08 01:30 PM

down payment assistance: Own in Ogden - 09/19/08 01:20 PM

CITY OF OGDEN, UTAH

Own in Ogden is an Ogden City, a Utah Municipal Corporation program designed to increase home ownership in specific targeted neighborhoods. Persons buying primary residence homes in the overall Own in Ogden Target Area (see map) can qualify for a $3,000 zero interest, … (1 comments)

down payment assistance: The End of Down Payment "Charities" - 09/19/08 01:08 PM

The End of Down Payment "Charities"
The nine lives of down-payment assistance groups - controversial players in the housing industry - appear to have run out.
Federal rules require that only a charity, family member or employer can gift a down payment to a buyer who uses mortgages insured by the … (1 comments)

down payment assistance: DOWN-PAYMENT ASSISTANCE PROGRAMS :: Are they going to be OK? Stay tuned ... - 09/18/08 09:34 PM

There has been much conversation lately about the demise of the down payment assistance programs – primarily the Nehemiah Corporation. This type of program has been a true benefit for many that have wanted to purchase a home of their own.
Now, some may say that if a person needs down … (9 comments)

down payment assistance: Down Payment Assistance Rescue H.R. 6694 - 09/18/08 09:09 PM

G-II Varrato out of Maricopa County Arizona compiled this information about the revival of the Down Payment Assistance programs. Please review the information and if you feel the program is a good one, as I do, take advantage of the pre-written letter at the end of it for your Congressman. If you wish … (4 comments)

down payment assistance: NAR endorses bill to save seller-funded gifts - 09/18/08 06:05 PM

New rules for FHA loans headed for House vote!
A bill that would allow the continued use of seller-funded down-payment assistance on FHA-backed loans now has the support of the National Association of Realtors and is headed to a full House vote after passing muster with a key congressional committee.
The … (0 comments)

down payment assistance: Free Money from City of Orlando FL for First-Time Buyers; Zero Down City Homes - 09/18/08 02:27 PM

Well, as you may know, I specialize in working with customers who are buying or selling homes in the Orlando area; specifically Orange and Seminole Counties. While I focus on those areas, I can help with other areas, too, but I wanted to focus today on a little-known part of the … (0 comments)

down payment assistance: Not So Fast - Still Hope For FHA Down Payment Assistance - 09/18/08 01:05 PM

The House Financial Services Committee adopted H.R. 6694, legislation designed to reauthorize and reform down payment assistance programs the Bush Administration banned in July.
A last-ditch effort to stop the Oct. 1 ban on the use of seller-funded down-payment assistance with FHA-backed loans is gaining momentum as a compromise bill that would … (8 comments)

down payment assistance: How Capitalism Sold Us To Socialism (And How To Thrive In It) - 09/18/08 10:18 AM

It is most likely the minority of you already know this short story. My early digressions from the central point will be how true the statement that the market runs itself. This is the first time in our history that Capitalism "ran itself" into a more "centrally planned economy" than usually … (5 comments)

down payment assistance: Grant Money Available to Buy Your First Home in Sullivan County NY - 09/18/08 08:53 AM

Do you wish that you could find a way to save enough for a down payment and closing costs to be able to buy a house of your own?

If you live in New York State, Rural Opportunities Inc has some programs that may help you. Although some … (0 comments)

down payment assistance: Grant Money Available to Buy Your First Home in Orange County NY - 09/18/08 08:48 AM

down payment assistance: Down Payment Assistance Programs- there are still options! - 09/17/08 10:38 PM

A lot of people have the misconception that all down payment assistance programs have been eliminated. This is NOT the case. The only down payment assistance programs that were done away with are seller funded down payment assistance programs, i.e: Nehemiah, Ameridream, Genesis Foundation, etc. There are still many down payment … (2 comments)

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