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DPA like borrowing from family

By
Mortgage and Lending with Liberty One Lending

I need to share this great comment I from someone names Rosie (last name left off)

 

Downpayment assistance with a non-profit DPA is not too different than if I were to get assistance from a family member.  Unfortunatley I dont have a family member able to be so generous. 

 Non-profit downpayment assistance (DPA) is not any riskier than DPA gifts from family members or the government. Default claim rates for homeowners with an FHA loan after three years: no downpayment assistance is 3%, family/government assistance is 5%, DPA is 6%. 

Sadly to say DPA right now is at risk...

Click on the link and participate in the next Virtual Town Hall sponsored by Nehemiah Corporation of America. Hear how local housing professionals are taking action to save DPA. Add your voice. Be heard.
http://www.dpagroundswell.org/events/index.cfm...

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