Posts from September 19th, 2008

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Home Down Payment Assistance Programs To End - The Morning News

September 19th, 2008 by Anonymous

Last updated Friday, September 19, 2008 6:44 PM CDT in Business

By Kim Souza

THE MORNING NEWS

SPRINGDALE -- Connie Stephens of Gentry thanks her lucky stars each night.

Stephens is grateful because she got into her new home before the U.S. Government pulls the plug on seller-assisted down payment programs Sept. 30.

"There is no way I could have bought my dream house without the down payment help, totaling roughly $8,000. Doug True, my Crye-Leike agent, and my lender were able to get me into the house with very little out-of-pocket costs because of the seller assistance programs," Stephens said.

In the last year, Stephens is one of dozens of local homeowners who have used programs offered by Austin, Texas-based Genesis, or Sacramento, Calif.-based Nehemiah Corporation. The programs let sellers contribute up to 6.5 p...

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Categories: Crye-Leike in the News