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nehemiah: FHA + Nehemiah: A Path to 103% Financing - 02/05/08 11:58 PM
With the rapid demise of 100% financing, first-time home buyers are finding it increasingly difficult to purchase homes, even as prices become more tempting. Yet there is one solution often overlooked by borrowers and lenders alike. It is the Nehemiah program, and when used in conjunction with a normal FHA loan, magical things happen.
What is Nehemiah? The Nehemiah Corporation is “a community development corporation specializing in homeownership, affordable housing and community development.” The Nehemiah Program, founded in 1997, is the largest privately funded down payment assistance program (DPA) in the country and has helped a quarter of a million families … (21 comments)

 

Marc Brinitzer

Sacramento, CA

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Big Valley Mortgage

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