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Down payment assistance via 3rd party companies have been used around Atlanta to get people with no money into FHA loans. The seller contributes to XYZ nonprofit corp. (yeah right!) and they slip it back to the buyer so theyll have their 3%. FHA now sez - NOT!
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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