Rumor has it that HR 6694 is building momentum, and seller-funded downpayment assistance programs may have life after September 30th after all! Even HUD, which has traditionally opposed programs such as Nehemiah, Ameridream, etc. seems to be supporting HR 6694. If it is passed, the legislation will create some new requirements for the use of seller-funded downpayment assistance (such as a minimum credit score). Stay tuned...
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