http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/ Illinois Mortgage Rates - Rants, Raves and Consumer Education from a long time Chicago, IL Home Mortgage Broker Tue, 07 Oct 2008 13:41:12 +0000 http://wordpress.org/?v=2.3.1 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2971 » Blog Archive Illinois Mortgage Rates and News - It’s alive??? Chicago, IL FHA Down Payment Assistance Programs May be on Their Way Back Fri, 12 Sep 2008 00:43:28 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2971 [...] basis of a grant from a charitable group like Ameridream or Nehemiah (here is a detailed look at how FHA DPAs work). But the DPAs were cut as one of the provisions of the new housing bill due to go into affect [...] […] basis of a grant from a charitable group like Ameridream or Nehemiah (here is a detailed look at how FHA DPAs work). But the DPAs were cut as one of the provisions of the new housing bill due to go into affect […]

]]> http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2255 » Blog Archive Illinois Mortgage Rates and News - How to Buy a Chicago Area Home with No Down Payment and No Money Out of Your Pockets at All Sat, 09 Aug 2008 09:46:25 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2255 [...] « Can You Still Buy a Home in the Chicago Area with No Money Down? Illinois Mortgage Rates Weekly Update [...] […] « Can You Still Buy a Home in the Chicago Area with No Money Down? Illinois Mortgage Rates Weekly Update […]

]]> http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2218 Illinois Mortgage Rates and News » Blog Archive » Last Chance to Buy a Chicago Area Home with No Money Down – FHA Loans with Down Payment Assistance Are About to Disappear Wed, 06 Aug 2008 08:47:45 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2218 [...] of the provisions of the recently signed Housing Bill, was the elimination of the Down Payment Assistance Programs (DPAs) like Ameridream [...] […] of the provisions of the recently signed Housing Bill, was the elimination of the Down Payment Assistance Programs (DPAs) like Ameridream […]

]]> http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2158 Illinois Mortgage Rates and News » Blog Archive » The New Housing Bill - What it Means to Chicago Area Home Buyers Mon, 28 Jul 2008 14:10:33 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2158 [...] FHA will eliminate the down payment assistance programs or DPAs (Nehemiah and AmeriDream) which allowed seller concessions to be used as a way for home buyers to buy with no money down. [...] […] FHA will eliminate the down payment assistance programs or DPAs (Nehemiah and AmeriDream) which allowed seller concessions to be used as a way for home buyers to buy with no money down. […]

]]> http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2066 Illinois Mortgage Rates and News » Blog Archive » FHA Condo Spot Approvals Mean You can Still Buy a Chicago Area Condo Without a Big Down Payment Fri, 18 Jul 2008 02:19:16 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-2066 [...] down payment and this money can come from not only your own funds, but a gift from a relative or a grant from a down payment assistance program (at least for now). There’s only one catch. When you buy a condo with FHA financing, the [...] […] down payment and this money can come from not only your own funds, but a gift from a relative or a grant from a down payment assistance program (at least for now). There’s only one catch. When you buy a condo with FHA financing, the […]

]]> http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-1773 Illinois Mortgage Rates and News » Blog Archive » Chicago, IL Area - FHA is the New Conventional Fri, 06 Jun 2008 02:56:42 +0000 http://www.ptmortgage.com/blog/2008/04/02/can-you-still-buy-a-home-in-the-chicago-area-with-no-money-down/#comment-1773 [...] You can buy with a low down payment – or no down payment – This is another area where FHA has a big advantage over conventional loans. It is now much harder to get a conventional mortgage with a minimal down payment. But FHA only requires 3% down which can come as a gift from a relative or as a grant from a down payment assistance program. That means that you can still buy a home with no money out of your own pocket. [...] […] You can buy with a low down payment – or no down payment – This is another area where FHA has a big advantage over conventional loans. It is now much harder to get a conventional mortgage with a minimal down payment. But FHA only requires 3% down which can come as a gift from a relative or as a grant from a down payment assistance program. That means that you can still buy a home with no money out of your own pocket. […]

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