Real estate blog entries tagged with dap by Justin Williams

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Home : Blogs : Justin Williams - Loan Officer : Just-In-Time Loans : Tag "dap"

dap: 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 on or after Oct. 1 2008
But There is Good News… FHA Alternatives
FHA Cash to Close Savings Plan FHA Sweat Equity FHA Bridal Registry Account 1st Time Home Buyer Tax Credit City Free Grants / Municipal Programs State Programs / V.H.D.A USDA Rural True 100% Loans FHA Cash to … (30 comments)

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Justin Williams - Loan Officer

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