Many of the buyers out there looking for down payment assistance should read up on this subject. Congress has voted to remove the down payment assistance as of October 1, 2008. I trust and read a lot of what a lender in NJ has to say about FHA lending – his name is Jeff Belonger he is an FHA expert and tonight he wrote about the down payment assistance.
For those of you that are looking for information on this or a great lender you should read what he has to say – tell him Thesa sent you.
Here is just a little of what his latest writing has to say about down payment assistance. This quote is a link to the full article it really is very informative.
Down Payment Assistance Programs – To include Nehemiah programs, AmeriDream programs, and many others, have been labeled to be finished as of October 1, 2008 by Congress. In this post, I wrote about the reasons and perceptions to why HUD and the government feel that they need to ban these types of programs. Please read : Nehemiah & Down Payment Assistance programs done? Is this true? – Urgent Urgent –