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It looks like Nehemiah is here to stay

By Maic "Mike" & Renee Friedrich

Real Estate Agent with eXp Realty of California, Inc. BRE#01423218 & 01796570

March 03, 2008 04:53 AM

We have just been infomed by an inside source that Nehemiah won their court ruling against HUD. This is great news for all home buyers.

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Gary L. Waters Broker Associate, Bucci Realty

Bucci Realty, Inc. - Melbourne, FL

Eighteen Years Experience in Brevard County

I always like that "inside source." How will his help homebuyers?

Mar 03, 2008 05:03 AM

Patrick O'Leary

HistoryMaker Homes - Fort Worth, TX

WOW - When is this information to go public, and how will it change the proposed new FHA 1.5% down payment guidelines?

Mar 03, 2008 05:09 AM

Maic "Mike" & Renee Friedrich

eXp Realty of California, Inc. - Sacramento, CA

Bridging Your Way Home!

Most convetional loan programs require at least 5% downpayment here in Sacramento county, due to the declining market status. Especially first time home buyers often do not have the 5% down. Nehemiah will take any seller contributions and "convert" them into gift funds that, if used with the right loan program, can be the down payment. I hope this helps

Mar 03, 2008 05:10 AM

Sonya Rosser

Better Homes and Gardens Real Estate Metro Brokers - Douglasville, GA

Thanks a bunch for the information. I do work with a lot of first-time homebuyers and this is great news for them as well as myself.

Mar 03, 2008 05:21 AM

Jeffrey DiMuria 321.223.6253 Waves Realty

Waves Realty - Melbourne, FL

Florida Space Coast Homes

I am not a fan of this program...it is hard to get through...and puts your seller in a bad position because you seem to never get a straight answer on approval.

Mar 03, 2008 05:22 AM

Patrick O'Leary

HistoryMaker Homes - Fort Worth, TX

As a new home builder broker - I use it all the time! I've never had an issue with approval of the program itself if my clients can obtain FHA financing approval.

I've been using the March 31st dissemination date as a way to motivate and create urgency with my buyers to write now before it's gone. It will be interesting to see what happens.

Mar 03, 2008 05:27 AM