If you are ready to buy a home, but the down payment is holding you back there is a program you may be interested in.  It is called The Nehemiah Program.


The Nehemiah Charitable Model uses funds from charitable sources for down payment assistance for persons who qualify.  You can get more information on this  program at http://www.getdownpayment.com/.  There is a tutorial on how the program works.

Nehemiah is an FHA product in that all loans must comply with FHA/HUD rules, but there are many great points such as.....

  • Gift funds up to 6% of the final contract sales towards your down payment and/or closing costs
  • Gift funds for both first time and repeat homebuyers
    (Nehemiah charges a nominal processing fee that may be paid by the seller, homebuyer, or lender.)
  • Gift funds for both new construction and resale homes
  • No repayment of gift money
  • No income or asset limits
  • No geographical restrictions

If you think you can use this program to purchase a house in our current market, which is a great time to buy, then give me a call.