OfflineIF UR GOIN 2 DO ANY TYPE OF Nehemiah Programs or Down payment asstiance programs get on it FAST CAUSE IN OCT 08 ITS ENDING SO U MAY HAVE 2 FIND A NEW WAY TO DO 100% NO MONEY DOWN DEALS!!!
IF I'm WRONG LET ME KNOW
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JUST LET EVERYONE KNOW
Posted on: Wed, 08/20/2008 - 04:09
You are correct. Until the end of October, if you were a first time home buyer, you could get an FHA qualified loan, 100% and the Nehemiah allowed no closing costs if you qualified. As of November, the FHA qualified loan requires at least 3% down and there will be some closing costs. Generally, that will come from seasoned cash.
Though, you can still receive 100% for a VA loan.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
An over looked source for funding are the "social Lenders". These clubs have numerous minor lenders that combine their funds to meet your requests at a set interest rate: Prosper.com; Virginmoney.com; Zopa.com; ect.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Tom, What are their rquirements on a loan? Do they roll closing cost and taxes into the loans? How are their rates??....Jan