Real estate blog entries tagged with american dream downpayment assistance by Chartwell Mortgage Corporation

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Home : Blogs : James Holmes : James Holmes Real Estate and Mortgage Blog : Tag "american dream downpayment assistance"

american dream downpayment assistance: AmeriDream Down Payment Assistance Program Window Closing - 10/30/07 03:52 PM

The mortgage lending landscape continues to evolve week by week and another important development relatesto down payment assistance programs. Property seller-financed Down Payment Assistance Programs known as DAPs are no longer an eligible source of funds for FHA loan programs.
One such program known as The AmeriDream program www.ameridream.org/ has been granted an extension through February 29, 2008. This will allow time for borrowers who had planned to use this resource to enter lock, close and fund transactions with in the migration time-line.
Borrowers seeking 100% financing continue to see their options narrow as the industry adjusts in the wake of high foreclosure rates … (3 comments)

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James Holmes

Denver, CO

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