Do you really think that Down Payment Assistance will end?  All the first time home buyers that I have used have used either down payment assistance or HUD's $100 down program.  I would love to work with buyers who have money, but they all seem to be in need of selling a home first.  So what is next for first time home buyers?  How will these changes effect the near future?  

 
This post has been included in Georgia Real Estate News

6 Comments on The Death of Down Payment Assistance

AUG
13
2008
1,349,183 Points 38 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kat

There is a lot of resistant's to discontinuing the down payment assistance program from both the real estate and building communities. I would look the guidelines to be adjusted.    

Good luck and success

Lou Ludwig
9:16pm • #1
1 Featured Post Localism Sponsor

I think it will be a year or two before the creative solutions have a chance to make their way back to the market...  Good luck!
9:27pm • #2
128,997 Points 3 Featured Posts

What Lou says makes alot of sense. The following is a link to article explaining how H.R. 6694 may reinstate DPA.

http://www.yourfhaguru.com/
9:31pm • #3

Thanks so much for the great information.  I appreciate the comments that you have made. I will check out the link.  Thanks so much!
9:39pm • #4
286,781 Points 4 Featured Posts Outside Blog Hit Router

90 days, within 90 days of this going away they will realize what a mistake they made and reinstate DPA. sales will go down and first time buyers will be way down which will send ripples through the market.
9:48pm • #5
AUG
14
2008

Please check out this video on the following link that sums up the DPA situation.

http://www.youtube.com/watch?v=g2CLQABK-S8&eurl=http://www.ameridream.org/

 
Mark S.
11:10am • #6


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Kat Vallish Lake Spivey/Henry Co Georgia Real Estate

Stockbridge, GA

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The DeFee Team, Keller Williams Realty Traditions

Address: 245 Country Club Drive, Suite 100-C, Stockbridge, GA, 30281

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