I have mentioned the AmeriDream Downpayment Assistance in previous blogs. It is an exceptional program that is very similar in concept to the Nehemiah Downpayment Assistance Program. These programs can often make or break the difference between qualifying buyers being able to purchase a home or not.
On October 1, 2008, Down Payment Assistance Programs WILL be eliminated. 40% of FHA based loans use down payment assistance and without it, 50,000 hardworking families will be denied homeownership for that month alone.
I have used AmeriDream before and my customers have not defaulted on their loans. AmeriDream helps qualifying buyers get into a home with little out of pocket expense.
Buyers, if you are on the fence about whether or not to purchase your first home and you believe you will need to use a down payment assistance program coupled with your mortgage, I would strongly advise you get off the fence. Gainesville, FL real estate has come down significantly in price and it is an EXCELLENT time to buy with plenty of opportunities for buyers. If you are not already working with a Realtor and Lender in Gainesville, FL, please contact me and I will get you started in the right direction.
CONTACT CONGRESS AND TELL THEM TO SUPPORT HR 6694 and SAVE down payment assistance programs. As it stands now, downpayment assistance programs WILL BE eliminated in a month and a half. A standard close takes 30 days, so if you are interested in using this program before it goes away, please contact me immediately and I will help you get started!!
Angela Elliott is a licensed Florida REALTOR® with Century 21 Classic Properties in Gainesville, FL. Please visit my profile for more about me and browse my Gainesville, FL real estate website for additional Alachua County information and listings. Your phone calls are always welcome at (352) 256-7038 as are your e-mails to firstname.lastname@example.org. A portion of all my closed sales will be donated to the Alachua Co. Humane Society (View my mission statement).