How can someone buy a home with no money down?

IT'S POSSIBLE WITH THE DOWN PAYMENT GIFT PROGRAM.


Many people dream of owning a home but don't think it's possible because they lack the resources for a down payment or have some outstanding debt that's preventing them from qualifying for a home loan. The down payment gift program was set up specifically to help these prospective homeowners. The program is designed to give more people the opportunity to buy a home by providing down payment assistance and/or debt repayment assistance for people who don't have those resources themselves.

The down payment gift program gives buyers their down payment or debt repayment assistance (up to 5% of the purchase price of their new home) so that they can become homeowners. Yes, we said "GIVES"! That means the recipient of the down payment or debt repayment assistance does not have to pay it back!

The down payment gift program is operated by The AmeriDream Charity, Inc., a nonprofit organization recognized as tax-exempt under Internal Revenue Code Section 501 (c)(3).The AmeriDream Charity, Inc., is a public service charity that meets the requirements for a charitable organization, as referenced in the HUD Handbook 4155.1 Rev 4, Section 2-10 for FHA insured loans.

WHAT'S THE CATCH?

There isn't one! By providing down payment assistance or debt repayment assistance, the program creates a larger pool of homebuyers, enabling more potential buyers to own their own home and start living the American Dream. Because of this, sellers are able to sell their homes sooner. The seller pays a fee for this service, not the buyer.