are there any home buyer programs for people who are not first timey home buyers?

Asked by Dowtin, silverspring Thu Oct 11, 2007

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5
Deborah Madey, Agent, Brick, NJ
Fri Oct 12, 2007
BEST ANSWER
Hi Dowtin,

I have never closed a deal w/ any of the charitable down payment grant programs, but we have worked with The Nehemiah Corporation before. If you were going to work w/ any, that might be the one that I recommend. This organization works in various charitable capacities to support home ownership.

HUD made a recent ruling that would ban privately funded down payment assistance programs effective Nov 1, 2007. In response, Nehemiah filed a Federal lawsuit and had been granted a 6 month extension.

See Nehemiah’s press release on this matter for details.
http://www.nehemiahcorp.org/pr/pr_100107.cfm

On Nehemiah’s home page for private assistance down payments, they regularly post regulatory updates.
http://www.getdownpayment.com/

Nehemiah has other programs besides the privately funded down payment assistance programs. See link for details:
http://www.nehemiahcorp.org/default.asp

While there are several privately funded down payment assistance programs, I only have first hand working knowledge of this one. I have met several loan officers form major lenders who have worked with Nehemiah.

Hope this helps.

Deborah
2 votes
Perry Hender…, Agent, Austin, TX
Thu Oct 11, 2007
Yes, they are called. "Ask-um's"

That's when you ask sellers to give you the incentives that you need to make the deal work. Be creative and have fun thinking of clever ways to make it work.
0 votes
Brett Dunne -…, Agent, Upland, CA
Thu Oct 11, 2007
Hello Again Dowtin:

Yes, plenty. Check with any of the direct lenders or Federal Credit Unions or Countywide. Most will want some money down and good credit score with documental income.
Web Reference:  http://www.DayBreakGroup.com
0 votes
Deborah Madey, Agent, Brick, NJ
Thu Oct 11, 2007
Are you looking for loan programs, charitable grants, redevelopment programs?
0 votes
Infinity Rea…, , Saratoga, CA
Thu Oct 11, 2007
There are tons of programs available through HUD offers many programs. Check out http://www.hud.gov/buying/localbuying.cfm
0 votes
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