07/10/08 Seller Gift Programs going under the gun again........

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Mortgage and Lending with Your IRA guy!

URGENT. Voice Your Support for Downpayment Assistance! 

(We just received this from Nehemiah)

Downpayment Assistance Programs in Danger of Elimination!

The Department of Housing and Urban Development (HUD) has re-issued a proposed rule that would eliminate all private downpayment assistance programs.

As you know, Nehemiah has a long history of successfully protecting and advancing homeownership opportunities for homebuyers. For over 10 years, we have worked together to help more than 290,000 families achieve their homeownership goals. Together, we can defeat HUD's proposed rule.

Act Now! We Have One Month to Stop This Action

Speak up now! The proposed rule comment period ends on August 15, 2008. Making your voice heard is simple. Submit a comment through our website and let Federal housing officials and your congressional representatives know how you feel about preserving private downpayment assistance as an option for today's homebuyers. 

www.getdownpayment.com click on "Urgent Action Needed"

Michael Schindler

This program helps a lot of people get into a home (especially with the other 100% type programs all but gone).  With underwriting tightening all over the place, it still allows people to to able to get good FHA fixed rates which keep their payments down........

 

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