The Real Estate Encyclopedia
Can I help my buyer with the down payment?
Category - Mortgage Questions - Mortgage Loans FAQ's

Not directly. However, there are gift program companies that will give the buyer the required down payment money, generally refered to as down payment assistance, such as the Ameridream program or the Nehemiah Program. Check with your local banker or mortgage broker for more information.

The down payment assistance programs were ceased with effect from Sept 30, 2008. The ban is part of the Housing and Economic Recovery Act of 2008, which President Bush signed into law July 30. Also see http://www.getdownpayment.com/updates/



References


External Links
www.affordablelistings.com
 
 
Category(s)
Mortgage Questions - Mortgage Loans FAQ's
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