It's a gift - Unbelievable Home Mortgage Downpayment Gift
Friday, June 6th 2003, 12:00 am
By: News On 6
With mortgage rates at record lows, more and more Americans are looking to buy homes. A major obstacle to buying a home is finding the thousands of dollars for a down payment.
Imagine someone handing you thousands of dollars to use towards a down payment - free of charge and no strings attached. Sound too good to be true? Now it's not.
Thanks to the Nehemiah Corporation, a non-profit organization that provides down payment assistance, hundreds of thousands of American families across the country are now living the American dream of owning a home. Since its introduction in 1997, this faith-based organization has since given more than 150,000 families across the country down payment gifts totaling more than $500 million. For any family wishing to use the program there's no catch, and they never need to repay the money, its truly a gift.
To get a down payment gift, all you need is a secure job and enough credit to qualify for a mortgage. Then the realtor, lender or builder will take care of the application and the buyer gets the home of their dreams.
Nehemiah - the largest privately-funded down payment assistance program in the nation - donates up to six percent of the sale price of the home to the buyer. A government-approved program, Nehemiah helps about 3,000 people each month get the keys to unlocking their future.
For more information on receiving a free down payment gift, call 1-877-Nehemiah or visit their website.