Ameridream

Sep
11

Nehemiah and Ameridream Down Payment Assistance.. a reprieve?

Heather Elias on September 11th, 2008

LikeAccording to Inman News today, HR 6694, a bill in Congress right now that would craft a compromise to allow down payment assistance programs to continue, seems to be gaining momentum.  It looks like they are considering FICO score guidelines in the compromise; the bill was presented after Congress passed HR 3221 on July 30, [...]

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Advice and Tips, Heather Elias, News, Real Estate 2 Comments »
Aug
16

Ameridream and Nehemiah Programs May Be Eliminated

Heather Elias on August 16th, 2008

LikeSeller funded down payment assistance programs are set to be eliminated by this fall, unless Congress approves the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (H.R. 6694).  The Department of Housing and Urban Development apparently would rather eliminate these programs entirely than regulate them.  The video above is from Ameridream, and I’m [...]

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Advice and Tips, Fairfax County, Loudoun, News, Real Estate No comments »
Apr
12

Guest author: Scott Fournier on the Nehemiah Down Payment Assistance Program

Heather Elias on April 12th, 2008

LikeScott Fournier, of Integrity Home Mortgage, writes: As many of you may know, The Nehemiah Program, through court litigation won the ability to remain a viable approved source for downpayment assistance when buyers are using FHA loan programs.  Nehemiah is a program by which a seller makes a contribution to a non-profit organization, then the [...]

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Heather Elias, News, Real Estate 6 Comments »