Ameridream; Nehemiah Programs
These program have been around a long time helping people who do not have the liquid cash to be able to purchase home. Many think that they are a great way for these home buyers to afford the AMERICAN DREAM.. of owning your own home.
Unfortunately, statistically from January 1 of this year until July 1 60% of the people that this program got into a home using these and other downpayment assistance programs did not even make their first months payment... yes, that means they were in default of the loan they obtained within the first month... this is an amazing statistic and unbelievable. That is why the government is doing away with these types of programs. These programs are planned to go away as of Oct 1, however, paperwork and contracts must be submitted by September 15th in most cases and close by September 30th to qualify.
Don't worry the RUMOR is there will be new Bond Programs with money available to help those who qualify for such programs and I will keep you posted as to when those programs are available and what they offer. If you would like to be on my update list please email me your information and I will include you in any updates I receive about the Bond Programs. They should be available in both Maricopa and Pinal County.
email me at home4you@hotmail.com
Dani
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