VA Accepts Homebuyer Assistance Programs; HAP, DAP, HPA, What's Allowable for Veteran Loans?

Have you noticed that VA loves to create and use their own acronyms? I swear their HAP is what we have all been calling downpayment assistance programs (DPAs or DAPs) all along. But in all fairness, VA doesn’t require a downpayment – so HAP it is!

If you use any of these HAP-type programs for your FHA homebuyers, why not VA? If you don’t use them, maybe you could start.

(Circular 26-08-14, August 19, 2008)

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