Are zero down programs over? Find out which program is being eliminated
I had lunch with one of my mortgage lender friends this past Wednesday and I asked her if there were anymore Zero Down mortgage loans left. She said the only true Zero Down program remaining is the Ameridream Program which offers down payment assistance to qualified borrowers. However, she said that the Ameridream Program as we know it here in Idaho is due to expire the end of September, 2008. She said that if a loan is not closed by September 30, 2008 there will be no more Ameridream down payment assistance as we have known it.
This is the result of the reigning in of zero down programs across the country due to over zealous lending practices of the recent past years that in part has led to near record foreclosures and short sales across the country. Therefore if you think you qualify and would like to find out if you qualify for an Ameridream Program please contact me soon.
Home prices have fallen drastically in the past year and there are some amazing homes available at prices no one imagined. I recently sold a bank repo that sold for $135,000 in 2005 for $97,000. Many opportunities like this are out there so quit procrastinating and waiting for prices to hit rock bottom. In my opinion, people that wait for prices on any product to hit rock bottom usually end up missing out on great opportunities.
Begin your Idaho Real Estate search here and contact me at 208-880-2333 to find out what kind of financing you qualify for. Opportunities like this many never be seen again.