down payment: Downpayment assistance - Is it really over?
- 08/22/08 04:19 AM
Down payment assistance programs are winding down. Beginning October 1, pretty much every homebuyer will need at least 3.5% as a down payment if they want to buy a home. As discussed a couple of weeks ago, the end of these programs will mean about 10% fewer buyers looking for homes here around Dothan. It also means what is already a tough market for sellers is going to get even tougher. There is really no other conclusion one can draw but to say that elimination of DPA programs is going to adversely effect the Dothan real estate market. Legislation has been … (1 comments)
down payment: Zero Down Payment Still an Option for Dothan Home Buyers
- 11/07/07 08:49 AM
Various down payment assistance programs available for FHA loans were set to go away on October 31, 2007. However, according to an email forwarded to me that originated from the desk of Joel Pate, Founder of the American Family Funds Down Payment Gift Program, the program was granted an extension by a Federal Court in Washington D.C. to continue to offer down payment gifts through March 30, 2008. It is probably safe to assume that other such programs, such as Ameridream and The Nehemiah Foundation, have been granted an extension as well. There are many opinions regarding these type of programs. I know that I have … (0 comments)
Down payment assistance programs are winding down. Beginning October 1, pretty much every homebuyer will need at least 3.5% as a down payment if they want to buy a home. As discussed a couple of weeks ago, the end of these programs will mean about 10% fewer buyers looking for homes here around Dothan. It also means what is already a tough market for sellers is going to get even tougher. There is really no other conclusion one can draw but to say that elimination of DPA programs is going to adversely effect the Dothan real estate market.;)
;)
