Realtor/Coach/Trainer
There are many people trying to get congress to give the Downpayment Assistance Programs a reprieve. Greg Swann from Bloodhound Blog believes that about 40% of Phoenix buyers will be affected October 1st when DPA’s are discontinued due to the new law. That is a scary number. We need buyers but do we need […]
Before 80/20 loans became popular many buyers used a down payment assitance program (DPA). These were went hand-in-hand with government loans, FHA and VA, that required 3% down. The rules said that a seller couldn’t pay for the down payment like they can with closing costs. But inexplicably they approved the DPA’s where the seller […]
