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Downpayment Assistance Programs?

By
Real Estate Agent with Gary Love & RealtySouth

 Hello Everyone,

I was wondering if all of my fellow agents out there are using the latest in FHA 100% programs out there which are Ameri-dream, Aquarius, etc. Right now they are 90% of the business that I'm closing. It looks like in Alabama this year it is going to be the the only way to do 100% loans which is fine with me. It  takes a couple of times writing them to get the hang of it but I want to tell you THANK GOD FOR THEM right now or it would be rather lean. Sometimes you have to adjust your sales price to make them work especially with a builder but hey a closing is a closing. Hope all is well

                                                                Take Care,

                                                                  Gary Love

 

When It Comes To Real Estate "Love Is All You Need"

www.SoldByGaryLove.com

Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Good to hear that you are using these programs Gary. When I talk to many real estate agents they are just not comfortable. It is not a bunch of work and a professional mortgage broker can help

good post

Tony

Mar 20, 2008 03:41 AM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

There will always be these type programs and they work, I think we are carrying it to far and that will hurt the market as a whole.

Jan 17, 2010 08:42 AM