Buyers should take advantage of this program now because it may not be here for very long.

Saving money for a downpayment and the closing costs necessary to purchase a home is very difficult. One option to consider is the Nehemiah Program established by the Nehemiah Corporation of America.  Here is a brief overview of this program.  For more information go to www.GetDownpayment.com or call the Nehemiah customer service hotine at 877-634-3642.

• You can receive gift funds (provided by a non-profit organization) for up to 6% of the sales price.
• New homes, resale homes, single family, duplex, triplex, condo, or townhomes are eligible.
• There is NO repayment of funds -- it is a "gift" to the home buyer.
• There are no income, asset or geographic restrictions and you do not need to be a first-time homebuyer.
• You do not have to have perfect credit -- a lender can evaluate your financial situation and provide you with an accurate assessment.
• Eligible loans for this program: any loan program that accepts gift funds for downpayment and closing costs. FHA loans are a good choice because they offer low interest rates, low downpayment requirements and more lenient credit requirements.  Some conventional loans may also qualify.
• Nehemiah strongly recommends homeownership education courses which can be taken online.
• The seller will "gift" the amount back to Nehemiah along with a processing fee.  

Contact me at 410-715-3261 for more information on this and other home ownership programs. 

Visit my website at www.LoveMarylandHomes.com.

Please visit www.mdhomeprograms.com for a list of available Federal, State and County/Local programs.