HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.

John F. Eilermann Jr.

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Questions Over FHA Down Payment Assistance Programs Hit Mainstream HW+

Jun 24, 2008By

Industry participants that have been around for some time are likely familiar with the ongoing debate over seller-funded down payment assistance programs, a Federal Housing Administration program that allows borrowers to get into a home for little — if any — money down. The program has become nearly the last bastion of zero-down, only-$500-puts-you-into-a-home! lending for borrowers with damaged credit in the wake of the subprime mortgage meltdown, and it’s one that has some government officials very worried.

3d rendering of a row of luxury townhouses along a street

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