Bob's Thoughts About Everything

Down Payment Assistance Might Be Coming Back
January 17th, 2009 3:22 PM

This just in from AmeriDream:
We have been informed that a bill to reinstate reformed downpayment assistance will be introduced as early as tomorrow. The bill is expected to be introduced by Congressman Al Green (TX) with bipartisan support. The bill will have the same language as unanimously passed last year by the House Financial Services Committee.

We will keep you informed as we continue to support efforts to reinstate downpayment assistance.

AmeriDream

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In my opinion, this could be a huge change in our market. I have a lot of buyers who are qualified to buy a home but they don't have the money to make a downpayment. I used to feel that people without a downpayment weren't qualified to buy a home. After several deals using AmeriDream last year, I have found that it has been very helpful to young families. And they have been very successful in making their payments.

Here is a link to a previous post of mine that celebrated an AmeriDream Success Story.

Praying for Reinstatement of DPA,

Bob Pearson


Posted by Bob Pearson on January 17th, 2009 3:22 PMPost a Comment (0)

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