This was writen by Scott Swinford, Mortgage Professional,

It seems like many are still mourning the demise of the Down Payment Assistance programs. Although there is some voodoo still going on in an attempt to resurrect them, so far it hasn’t happened and the odds don’t look so good. Being that the default rate was 4x higher with the program vs. the buyer putting down just 3% of their own money, it seems this is not a good time to stir that pot.

However, in my area, I have access to what could be a better program. There is NO downpayment required, NO mortgage insurance required and the loan is fixed for 30 years at competitive rates.

Let me introduce you to: To Read More

Gina Bombin, Wheatfield, Indiana Real Estate Expert