This is an AMAZING program that will give buyers what they need in closing costs, out of pocket expenses(ie...home inspection) and actually might have something left over for them to leave the closing table with.
This is how it works... you ask the seller for 6% of sales price in the offer. If the seller is agreeable, the money is put in this fund as a gift to the new buyer. They can use it toward closing costs, out of pocket buyer expenses... etc. The money left over is given to the buyer as well.
Incredible for marketing to first time home buyers...contact Nancy Davis at Mortgage America for more info. Local to Melbourne, use her all the time, does a phenomenol job!