My New Blog

The Housing Bailout Has Passed

How is the bail out going to impact your business?

No More Down Payment Assistance Programs for FHA loans

Let me say that one more time:

No More Down Payment Assistance Programs for FHA loans

And there is more, the minimal down payment required on FHA loans is now 3.5% that is up from 3% which really means it's up from 0% because you no longer have DPA (Down Payment Assistance) which would normally be used to cover your 3% Down Payment.

As of October 1, 2008 you will no longer have access to DPA.

It just so happens that I have prepared for this moment by forming the relationships to get my clients DPA before the cut off.  I never bite of more than I can chew so once my plate is full I will stop taking on new clients.  As you all know, I love to help my Realtors, even you guys that don't send me any business, you know who are. JJ

Like I was saying the cut off is coming fast and I am set up to get a large number of clients done in a short period of time.  If you want to get you client DPA before the cut make sure to contact me. 

If you would like to know more go to my "For My Realtors" section and click on the button labeled "Housing Bill"