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downpayment assistance

Saving up for your Down Payment

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Coming up with the down payment for a home is often the hardest part. Whether you are inpatient and want to buy a house now, before you have the money, or you have just been struggling to find a way to come up with enough cash, we have the answers for you. Here are a few simple ways to have enough money to get the home of your dreams sooner than you thought possible. Get a … [Read more...] about Saving up for your Down Payment

Down Payment Assistance Programs Are Available

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Updated as of January 2018 It seems that more people are becoming aware that down payment assistance programs are available and how to qualify for them. It's hard to tell exactly why more people are learning about the possibilities, but recently, I dedicated a little time and effort to creating a resource that people can use that hopefully makes it easier to find down payment … [Read more...] about Down Payment Assistance Programs Are Available

How to Receive a “Gift” for your Down Payment

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When it is time to buy a home, you might find that you do not have an adequate amount of money for the down payment. This could be true if you are trying to obtain a certain interest rate or if you are trying to qualify for a specific program that is backed by Fannie Mae or Freddie Mac. For many of these programs, if you do not put enough money down on the home, you are … [Read more...] about How to Receive a “Gift” for your Down Payment

Becoming Familiar with USDA Loans

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Many consumers today do not have a sizeable down payment to put down on a new home, which deters them from purchasing a home at all. With many lenders requiring large down payments, tight credit restrictions and using a stringent verification process, getting a mortgage might seem impossible. For those that do not have the assets to have a large down payment and have minimal … [Read more...] about Becoming Familiar with USDA Loans

LA Times Glosses Over Critical SFDPA Issues

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The Los Angeles Times covered the  re-emergence of the controversial seller-financed downpayment assistance legislation that allows homebuyers to buy a home without any money down.  And that is the least of the problems associated with this piece of legislation that guarantees the continued existence of nearly everything wrong with the current housing market: appraisal fraud, … [Read more...] about LA Times Glosses Over Critical SFDPA Issues