Our friends at Ameridream have put together another possible solution to overcoming the down payment hurdle. The program is HUD/FHA compliant by providing a collateralized loan for down payment and the program is just hitting the streets. It's offered through the Association for Homeowners Across America (AHAA) and it's called their consumer loan option.
Don't turn any of your potential buyers away because they may lack down payment until you have looked into this program and discussed the various means available for down payment assistance. More details are available at AHAA's website:
https://www.ahaanow.org/Member-Benefits/Consumer-Loan
Gerry Suarez, Jr.
Your FHA Loan Pro!
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