Friday, April 11, 2008

Nehemiah, FHA, and Minnesota Home Buyers - Wisconsin Home Buyers

Nehemiah, FHA, and Minnesota Home Buyers and Wisconsin Home Buyers, primarily those with moderate to low income, got a big break recently as a federal judge ruled that HUD did not adequately explaine their decision to reverse a policy allowing seller-funded down-payment assistance on FHA-backed loans. For home buyers nationwide this is great news. It means 100% home financing is still available through a combination of the FHA and down payment assistance (DPA) companies like Nehemiah.

Nehemiah Program--What is it?

Answer: The Nehemiah program is the nation's largest privately funded down-payment assistance (DPA) program, helping thousands of people achieve their dream of homeownership nationwide and especially here in Minneapolis, Minnesota!!

The Nehemiah Program provides gift funds to qualified homebuyers who purchase participating homes using an eligible loan program. The Nehemiah program is approved to provide gift funds by the FHA (Federal Housing Agency) which allows charitable organizations to provide gift funds toward downpayment and closing costs.

A few features of the Nehemiah program include:

**Gift funds up to 6% of the final contract sales towards your downpayment and/or closing costs.

**Gift funds for both first time and repeat homebuyers are accepted.

**Gift funds for both new construction and older homes as well.

Repayment of gift money is not acceptable.

There are also NO income or asset limits.

Absolutely NO geographical restrictions.

If you are a qualified homebuyer using an eligible loan program, such as an FHA loan, you may be able to move into your new home with zero cash out of pocket! We specialize in working with Homebuyers in Minnesota and Wisconsin. Given our location in Uptown Minneapolis--we are able to meet buyers throughout the region in a timely fashion.

The Nehemiah Program can help you become a homeowner! For those first time homebuyers in Minnesota and Wisconsin, this is a GREAT program for you. For more information about the Nehemiah Minnesota or Nehemiah Wisconsin program or to see if you qualify, call Ben Coulter with Uptown Financial Corp. @ 612-216-1388 (Finance@UptownFinancial.com)

I look forward to speaking with you soon!!!

http://www.uptownfinancial.com/

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