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. [...]

Down payment assistance programs have been under fire since last fall. It all began when the IRS came out challenging the tax-exempt status of down payment programs like Nehemiah, AmeriDream etc. The HUD issued orders to shut down the use of these program last fall. Such an action would have essentially ended the FHA loan [...]

Last Fall our CTX Mortgage branch signed up with the Home in Five down payment assistance program. I attended the training program earlier this week and in addition to learning how this program works became a participating lender. To become a participating lender you must attend the training in order to help borrowers with this [...]