I've been noticing more hoopla over downpayment gift programs such as Nehemiah and AmeriDream. It seems the FHA is once again trying to ban these programs, claiming they artificially inflate prices and are 3 times likely to end in foreclosure versus other types of loans. As an agent, we are happy for anything that may help someone buy a home. But as an average citizen, I think the FHA's point is well taken. Nothing invested is nothing lost to some. What has been your experience with this and what are your thoughts?
Comments(0)