Just attended an office meeting today and our in-house lender reminded everyone of what a great resource we have available with the Nehemiah Program.
Gifts of up to 6% closing help to buyers. No repayments ever needed. No cash reserves required.
Sellers benefit because their home is also advertised on the website as participating (increasing buyer pool). Helps facilitate their main goal which is to sell their home! You can see seller net sheets that you can share with your sellers to show different scenarios that this would benefit them.
Here is the link to get more information. You can request free materials as well as do some customized materials directly from their website to give to your clients. http://www.getdownpayment.com/
I personally have never used this program but would like to hear others input of past experiences with this and other programs like it. All feedback is welcomed and appreciated!
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