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Down Payment Assitance Programs

Hello everyone.....with the DAP's going away October 1st we all need to work together to find an alternantive.

Obvioulsy the HUD Rural loan is a fantastic program but only works for a small number of borrowers.

I've also looked into the National Homebuyers Fund. Do any of you know more about this program? Let me know your thoughts.

Have a great week!

Travis Newton

Owner/Sr Mortgage Planner

Today's Mortgage Group

503.931.4490

Posted by Travis Newton-Owner/Sr Mortgage Banker on 09/02/2008 03:38 PM

Comments (2)

2 Comments on Down Payment Assitance Programs

SEP

2008

Travis -

I would assume new ones will be available, in compliance with the rules.

Too bad the old ones pushed the envelope a bit too much, and are going away. Great help for the more-responsible higher-leverage buyers.

But, apparently, virtually everything "high leverage" seems not to be very politically correct these days!

DEAN & DEAN'S TEAM CHICAGO

gogin away and also deadline pretty mich passed for getting them submitted in most cases...

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Travis Newton-Owner/Sr Mortgage Banker

Salem, OR

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Today's Mortgage Group

Address: Salem/Keizer/Silverton/Stayton & All of Oregon

Office Phone: (503) 931-4490

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