Down Payment Assistance Programs May Go the Way of the Horse and Buggy

Down Payment Assistance Programs May Go the Way of the Horse and Buggy

Congress and the President are very close to agreeing on and passing the Housing and Economic Recovery Act of 2008. This is likely good news for the real estate and mortgage markets across the country. However, down payment assistance programs are under consideration for being discontinued. This is bad news and something that will likely hurt consumers looking to buy homes and invest in communities.

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