FHA Down Payment Assistance Program gets new legs-

Recently it was brought to my attention that FHA Down Payment Assistance may have a possibility to come back. FHA Seller-Financed Down payment Reform Act of 2009, was created by Representative Al Green (D-TX). H.R. 600 is the 2009 version of last year’s bill (H.R. 6694) that would restore seller-funded down payment assistance (DPA).

Reformed DPA will help stimulate the housing market by providing working-class Americans with a path to homeownership and generate $150 billion in home sales this year. Purchasing a home now puts homebuyers in a position to build equity as markets recover.

In short; we may be seeing Nehemiah back in the Bay Area Real Estate Market.

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