Beginning October 1, 2008, legislation will take effect that prohibits many (but not all) Down-payment Assistance Programs funded by the seller. Note: Down-payment assistance from family members, government programs, or charities that are not seller-funded are still permitted. This means, you must have settled and closed by September 30th of this year to still benefit from these programs.
For more information about this provision of the Housing Stimulus Bill, click here.
Also noteworthy: I'm not a lender, so if you're looking for more information on what programs have been nixed, give one of my preferred lenders a call and they'll be happy to discuss options with you. Gleyde Schatz, with InterCoastal Mortgage can be reached at Gleyde@icmtg.com or by cell: 703.431.7531
For more information about this provision of the Housing Stimulus Bill, click here.
Also noteworthy: I'm not a lender, so if you're looking for more information on what programs have been nixed, give one of my preferred lenders a call and they'll be happy to discuss options with you. Gleyde Schatz, with InterCoastal Mortgage can be reached at Gleyde@icmtg.com or by cell: 703.431.7531
Posts
No comments:
Post a Comment