Nehemiah, AmeriDream, and any other down payment assistance program(s) could be ending by the end of March. March 28th to be exact. Does this mean time is running out? It certainly looks like it. If you are in the process with a lender now, you better be on top of them, that they have your loan approved. Better yet, make sure that they have your money registered with the Nehemiah program or the AmeriDream program.
Is there any daylight showing in regards to what Judge Friedman ruled back in October 2007? Latest on HUD Rule -- Insert from the link -- Judge Friedman heard final arguments in another downpayment assistance company’s suit against HUD. The judge has taken the case under advisement and will have a decision by February 29, 2008.
For more information on Nehemiah -- http://www.getdownpayment.com/
The American Dream..... it's attainable with the right resources and with the right loan officer. It is harder for the average person to save money in today's economy, which makes programs like Nehemiah and AmeriDream, very important to many homebuyers.
The Nehemiah program is the most used of all the down payment assistance programs. Nehemiah loans have been a big reason why over 200,000 families have been able to obtain their Dream Home. Stand up and let congress and others know that they should not take this away from the average consumer.
Overall, I would be glad to assist anyone looking to buy a home under the Nehemiah program or the AmeriDream program. We'll at least know if it will be continued soon. But if you are actually serious about buying and had been planning to use the Nehemiah program to assist you in getting into your dream home, don't let it stop you now. There is still time, that's if you actually found a house or if you are making an offer. My guess? I think the judge will allow such companies as Nehemiah and AmeriDream to keep operating after March 28, 2008. Don't be the one that ran out of time or missed the boat.
For more information, I wrote a more detailed blog on Nehemiah and how to get into a house with little or no monies. You can use FHA Nehemiah and these other down payment assistance programs for both FHA mortgages and conventional loans. Do you truly think that FHA/HUD would want to see these programs disappear? No...
For more information on FHA loans, please go to this link. The FHA Expert
For more information on how you can obtain your dream home, please click here : Mortgage Financing Options
For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!!
Copyright © 2008 by Jeff Belonger