I have just recently been informed that the down payment assistance programs such as Ameridream may soon so longer be available to be used with all HUD loans.  I'm being told that HUD will be announcing this at anytime.  What this means to you as a buyer is that with an FHA loan you will need to come in with a minimum of 3% down and with the HUD 184 and minimum of 2.75% down.  In the past we have been able to obtain from the seller by means of the Ameridream the down payment and contribution towards the buyer's fund to close.  If you are in needs of buying with a minimum out of pocket expense you must act quickly to get pre-approved and to close on a home. 

We have had a huge success in the amount of interest in this Grant of $30,000.  So much so that at this time we only have approximately (5) remaining.  I have inquired about obtaining additional funding and at this time this can not be decided until we have used the amount received so far.  I anticipate having all the Grant money used for our First Time Homebuyer's by May 2007.  This Grant is available on a first come/ first serve basis so with the few remaining it is imperative that you get pre-approved and obtain an accepted offer as soon as possible.  Please do not hesitate to contact me at 623.889.7314.