market: DPA - Will it stimulate the housing market?
- 01/20/09 08:37 AM
DPA or Down Payment Assistance has been a major concern to many of us agents who work with first time home buyers or those individuals who require some assistance but may have a good credit back ground. In a rural location selling homes, USDA Rural Housing has been very good to the first time buyer by now providing a 100% loan. At this time this is the only program available that will help with down payment. I have been hearing from some mortgage brokers that the DPA programs are trying to raise its head. After being proided a link … (0 comments)
market: Who Do We Believe?
- 09/29/08 02:34 AM
I have read that when we are blogging to say what we feel, so here I go. In regards to the mess in Wall Street and the current bank failures I realized that there is a lot of talk but no real solutions. One side wants to be understanding and if you were go enough to get the loan to begin with then the banks should continue to work with you. The other side says we don't care that your credit was once good we must make a change. I am the first to say that a listing is a great … (4 comments)
DPA or Down Payment Assistance has been a major concern to many of us agents who work with first time home buyers or those individuals who require some assistance but may have a good credit back ground. In a rural location selling homes, USDA Rural Housing has been very good to the first time buyer by now providing a 100% loan. At this time this is the only program available that will help with down payment. ;)
;)
