Down Payment Assistance For FHA ELIMINATED
Down Payment Assistance for FHA Mortgage Loan Programs is being eliminated on October 1, 2008. Many lenders who had accepted Down Payment Assistance for FHA buyers have stopped accepting applications on the product.
On July 30, 2008 the President signed into law the Housing and Economic Recovery Act of 2008. This law will eliminate the dream of home ownership for 50,000 to 100,000 families this year.
The loss of Down Payment Assistance could be devistating. According to the Nehemiah Corporation of America 40% of all FHA buyers will be affected.
Do you remember buying your first home?
Putting the key in the front door for the first time?
Imagining where everything would go?
Telling all your friends about your wonderful new home?
Do you remember how that felt?
Now imagine if it never happened! The loss of Down Payment Assistance will affect up to 100,000 families this year.
You can help…
You can apply for an FHA Loan with down payment assistance here, while there is still time.