Nehemiah Gift Program

By
Real Estate Agent with Keller Williams Realty
If you are looking for ways for your clients to qualify for a loan when they don't have so much for a down payment, you may want to look into the Nehemiah Program for down payment assistance that they never have to pay back. Go to www.getdownpayment.com for all the information.  With the demise of the 100% loan this is a way to help the market, and make you commissions.

Comments (2)

Bo Buchanan
Blue60.com - Oswego, IL
Blue60.com Directory, For Real Estate Pronulls
Is this still a viable option with the current loan scenario??  Have you or anyone else done any of these lately?
Apr 23, 2008 03:57 PM
Team Candler
Keller Williams Realty - Colfax, CA
Typically an FHA loan is used with this program, however I've been told that other lenders have used it too.  They must meet minimum FHA standards. I have a lender that has processes some and currently have one I submitted to a lender for a Short Sale, no answer yey, however have been told some banks are considering Nehemiah to sell before foreclosure. No personal knowlege of any however.
Apr 24, 2008 03:45 AM