The Department of Housing and Urban Development has stuck to its guns regarding seller-funded down payment assistance. Almost all of my buyers have used down payment assistance for purchasing their homes!
Suit has been filed against FHA by the two largest assistance programs. The reprieve was made in October for another six months which ends on March 31, 2008. We don't know what will happen before then, but if you are interested in buying that first home, this is the time in order to get your zero move-in, not to mention the great inventory, hold on pricing and fantastic interest rates. It's never been better!
Sales agreements made before March 31 are supposed to be eligible for the DP assistance feature, at this point with only a couple of providers!
I even have builders who are contracting and doing credit repair for most people and making every effort to get them into a new home!
Please contact me if you are interested in getting in under the wire for your zero move in!
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