Seller Assisted Down Payment Assisted Programs Terminated; Use Family Member Loans (Mortgage Talking Points^TM Flyer/Email Included)

I realize that many of you have been dependent upon DPAs for a majority of your FHA business. At the same time, DPAs foreclose at a much higher rate, and are causing concern for the stability of the FHA mortgage insurance fund.

For now, however, it's a moot point what you or I think of DPAs; they are gone as of 10-1-08. And I can show you other alternatives!

(H.R.3221.ENR Sec.2113.PROHIBITION OF SELLER-FUNDED DOWN PAYMENT ASSISTANCE)

Read More