 savior70
Joined: 25 Mar 2009
Posts: 1422
Location: Florida
168.75 Dollars($)
|
 Posted: Wed Jul 15, 2009 3:13 am Post subject: |
|
|
Hi,
Privately funded down payment assistance programs through non-profit organizations such as Nehemiah, are no more available in the market. Such programs made it quite easy for the home buyers to purchase homes of their choice without having to put down any money from their own source. But things have changed drastically in the mortgage industry. Lenders now require home buyers to put down some amount of money from their own source to make the purchase. Even if you receive a gift to make the down payment, the source of the gift will be verified by the lender before they approve of it. |
|
