Comments on: And You Really Thought You Can’t Get a Home with $100.00 http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/and-you-really-thought-you-cant-get-a-home-with-10000/ Mortgage Advice for the Southwest: Arizona, California and New Mexico Fri, 20 Aug 2010 21:42:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: The Southwest Mortgage Advisor » Blog Archive » $100.00 Down HUD Deal Cancelled http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/and-you-really-thought-you-cant-get-a-home-with-10000/comment-page-1/#comment-6739 The Southwest Mortgage Advisor » Blog Archive » $100.00 Down HUD Deal Cancelled Tue, 17 Aug 2010 19:00:49 +0000 http://garymiljour.com/tempemortgages/?p=8#comment-6739 [...] in August 2008 I wrote a post (And You Really Thought You Can’t Get a Home with $100.00) about FHA HUD homes having a special deal on certain properties that allowed only $100.00 down.  [...] [...] in August 2008 I wrote a post (And You Really Thought You Can’t Get a Home with $100.00) about FHA HUD homes having a special deal on certain properties that allowed only $100.00 down.  [...]

]]> By: GaryMiljour http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/and-you-really-thought-you-cant-get-a-home-with-10000/comment-page-1/#comment-8 GaryMiljour Sat, 06 Sep 2008 16:51:39 +0000 http://garymiljour.com/tempemortgages/?p=8#comment-8 Steven, It just depends on the lender. The guidelines read that the mortgage loan must be under contract and in the final steps of loan approval. However most mortgage companies will not fund the loan if it does not close by 9/30/2008. My company will still guarantee a September closing if a contract is executed by Monday 9/8/2008. After that we are not giving any type of guarantees to get your mortgage loan closed using Ameridream. Also, most sellers including bank owned are now NOT accepting offers with Down Payment Assistance. Just so you know there are other options. It would be really important to talk with a lender who can find creative options to help put clients into homes with little or nothing down. Steven,

It just depends on the lender. The guidelines read that the mortgage loan must be under contract and in the final steps of loan approval. However most mortgage companies will not fund the loan if it does not close by 9/30/2008. My company will still guarantee a September closing if a contract is executed by Monday 9/8/2008. After that we are not giving any type of guarantees to get your mortgage loan closed using Ameridream. Also, most sellers including bank owned are now NOT accepting offers with Down Payment Assistance. Just so you know there are other options. It would be really important to talk with a lender who can find creative options to help put clients into homes with little or nothing down.

]]> By: Steven Price http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/and-you-really-thought-you-cant-get-a-home-with-10000/comment-page-1/#comment-7 Steven Price Sat, 06 Sep 2008 16:41:23 +0000 http://garymiljour.com/tempemortgages/?p=8#comment-7 I was told that if I had an accepted contract that even though the Ameridream program is going away at the end of September. I could still close on that contract after the 1st of October. Is there any truth to this??? I was told that if I had an accepted contract that even though the Ameridream program is going away at the end of September. I could still close on that contract after the 1st of October. Is there any truth to this???

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