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dap: Please help try to save the Down Payment Assistance Programs!
- 07/28/08 02:30 AM
Going away OCTOBER 1st.......
I think it's going away this time-which will deal yet another blow to people who can't afford a down payment (especially minority lending). If FHA comes out with a 100% loan, it may be fine but, in this environment I think bringing out this kind of product now may be too bad of press.What people don't understand is, the DAP's are used with FHA loans but are "full doc" loans just with no money down-they aren't the reason the market tanked-the economy/gas prices along with the reduced documentation programs that were made available is the main reason … (2 comments)
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Going away OCTOBER 1st.......
;)
;)
