Buy a Home With Nothing Down?
In the post-housing bubble burst, you probably think you cannot buy a home without a down payment. REALTOR® Ki Gray blogs about how it’s not only possible but easier now.
“Buying a home with no down payment sounds like an impossibility in today’s real estate market. Lenders have been tightening their belts and so has the federal government.
On the other hand, however, the feds have also been creating new programs to meet the downturn in the real estate market. If you thought it was hopeless to buy a home with nothing down, well, you’ll be glad to know that you’re wrong!
The Housing and Economic Recovery Act (HERA) of 2008 and the American Reinvestment Recovery Act (ARRA) of 2009 have opened doors for today’s homebuyers who have no down payment, and provided an opportunity for certain public servants to purchase affordable housing.
In addition, state, county and local governments and non-profit organizations provide mortgage assistance to qualified home buyers.”
Click here to read more from Ki Gray’s blog.
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March 18 2010 05:09 pm | Investment Property
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