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There has been a lot of talk lately about down payment assistance programs like Nehemiah and Ameridream going the away like the dinosaurs. Many people are saying that down payment assitance will be back but in some other form while others are under the impression that you can no longer use down payment assistance. The recently passed HR 3221 states that as of October 1st down payment assistance will no longer be available. Some lenders have already stated that they will no longer accept loans using down payment assistance. While there are still many lenders that will allow borrower to close … (12 comments)
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