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Downpayment Assistance Is Back On the Table
A pesky program that the Department of Housing and Urban Development has fought to end resurfaced again in Congress with a bid to restore seller-funded downpayment assistance programs. A bill introduced in early 2009 by Rep. Al Green, D-TX, would restart the program, which allows nonprofit groups to donate the 3.5 percent downpayment requirement to low-income borrowers so they can qualify for...
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