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Nehemiah and Ameridream Up Date

Down payment assistance programs (Nehemiah and Ameridream) have won a court battle with HUD and remain viable programs. These programs used with FHA financing offer 100% financing and today's rate for FHA is 5.5%. Also, the buyer does not have to be a first time home buyer. The guidelines only require that the borrower does not currently have another FHA loan. These are still great tools

Ameridream Web Site:

http://www.ameridream.org/Homebuyers/

Family Housing Resources - Pima County Arizona. Downpayment assistance for first time and low income home buyers.

http://www.familyhousingresources.com/

For information on these programs please contact me:

Rich Lecinski

Long Realty Company

Oro Valley - Tucson Arizona

520-834-4663

http://rlecinski.longrealty.com

www.arizonareatliving.com

Real Estate services Sothern Arizona

Name:Company:Email:Website URL:Office Phone:Cell Phone:Alt. Phone:Fax Number:Address:Description:

Richard Lecinski
Long Realty Company

Contact Richard Lecinski
http://www.arizonagreatliving.com/ http://rlecinski.longrealty.com

(520) 918-4837
(520) 834-4663
(520) 918-4800
(520) 296-5664
6410 E Tanque Verde , Tucson, Az, 85715
Real estate services in the Oro Valley, Greater Tucson, Vail and Marana areas. I work with a team and we can cover much of Southern Arizona including Rio Rico and Nogales. Questions? Please call.

Posted by Richard Lecinski on 03/19/2008 02:19 PM

Comments (8)

real estate southern arizona, long realty oro valley, long realty tucson, lesinski, lecinski, nehemiah, ameridream

8 Comments on Nehemiah and Ameridream Up Date

MAR

2008

It's good to hear that those programs will still be around for buyers.

Good news. Thanks for sharing.

Linda Lipscomb, Selling Homes in Lexington Tn www.lindalipscomb.com

MAR

2008

Rich, These programs were popular in Northern Virginia several years ago, but are not used much anymore, Karen

Karen,

Each client has different needs so its important to know how best to serve them

Thanks and hope all is well.

Rich

JUL

2008

Save Ameridream program
If you haven't done so, go to this website, http://www.rallyforhomeownership.org/

It only takes 30 seconds. This form will go to your local Congressmen and Senators.
CONGRESS MEETS ABOUT THIS TODAY!

HUD should modify to lessen the risk BUT don't get rid of it. This is one of the last programs out there right now that can get buyers into a home with no money. (They still have to credit and income qualify)

http://activerain.com/blogsview/605114/Down-Payment-Assistance-Congress

Thank you, we all must act and act now.

Rich

Long Realty

AUG

2008

a new bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 was introduced by several members of Congress on Thursday, July 31, 2008. Representatives Maxine Waters, Gary Miller, Al Green and Christopher Shays sponsored this bill that if passed and signed into law will allow downpayment assistance to continue indefinitely.

Scott Syphax, President and CEO of Nehemiah Corporation of America praised this group earlier today.

"Maxine Waters, Gary Miller, Al Green and Christopher Shays have demonstrated the willingness to understand all sides of this issue and the courage and leadership to follow their conscience. All those who understand the importance of working class American's having their shot at homeownership, need to work together to encourage our elected officials to pass this bill."

Click here to help and contact your local elected officials, http://capwiz.com/nehemia/issues/alert/?alertid=11598811

Great information.maybe by working together we can bring back these programs. They did make the difference for many people.

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