For those of you who are looking to purchase your first home in 2010…with a little extra work, you could find yourself with $15,000 in down payment assistance. Newtown Community Development Corporation (CDC) is a nonprofit corporation begun in the 90s to address concerns about housing, neighborhood preservation and sustainable development. The vision of CDC [...]
Posts under ‘down payment assistance’
Update on Home in Five Program
I receive a lot of questions from readers on the current status of the Home in Five down payment assistance program. I might as well answer these questions here. The long and short of it it is that currently I am unable to work with the Home in Five program. From what I currently know [...]
Summary of Recent Changes in the FHA Loan Program
Over the past few weeks we’re received a lot of questions regarding the recent changes to the FHA loan program. I might as well address some of these questions and concerns publicly. The changes are due to the recently signed Housing and Economic Recovery Act of 2008.
Changes to the down payment requirement: The minimum down [...]
Video In Support of Down Payment Assistance
Hat tip: Arizona Mortgage Team
Over $3M in Down Payment Money Used Up in One Day
At 11:04AM today we received an e-mail stating that about $3.5 Million was now available for the non-target areas of the Home in Five Program. Money previously assigned to targeted areas were now released as non-target, meaning you didn’t have to be a first time home buyer to use these funds anywhere in Maricopa county. [...]
More Money For Down Payment Assistance Program
I receive a lot of questions on the Home in Five Down Payment Assistance Program. The most popular question is of course regarding the availability of funds for non-targeted areas. Well, if you were waiting for these funds before making your purchase then wait no more. We have some good news today. I received [...]
