Posted by Ed Garcia on March 01, 2002 at 12:41:44:
Jennifer,
Yes, as well as the Hart program. Jennifer these are programs designed to help someone who may not qualify for a loan become a homeowner.
Although they may not directly benefit us as investors, do to they don’t do NOO (none owner occupied). Indirectly they can benefit us because they can help us sell our properties to someone who may not qualify for other types of financing.
Ed Garcia
ED- Have you heard of_ - Posted by Jennifer
Posted by Jennifer on February 28, 2002 at 15:30:39:
Ed,
Are you familiar with the Neighborhood Gold or Nehemiah no money down options. From what I understand the company will pick up 1-6% of th sales price for downpayment, however the buyer has to agree to matching the commitment. Under this program you have no escrowed payments and no PMI. If you have heard of these programs can you give me more information, would you recommend using one.