American Housing has created the nation’s largest portal of Federal Government financial assistance programs for the housing industry. The systems provides parties in the home sale and purchase process a platform from which to locate and gain access to virtual all Government programs in the continental United States. The system provides financial and DPA (down payment assistance) data in over 300 markets and is one stop shop for Home Buyers, Lenders, Realtors and Builders. Utilizing down payment/closing cost assistance programs that provide over $20,000 of non-refundable funds at time of closing might be the difference in Lenders and Realtors closing the sale and the Buyer obtaining a Mortgage.

Participating lenders have the information to access these programs and Realtors have more qualified buyers that enables them to purchase a home that they may have not otherwise qualified for.

Homebuyers complete an application the meets the requirements of the U.S. Department of Housing and Urban Development, which is routed exclusively to the Lender and Realtor by the properties MLS number. Once a Realtor/Lender receive the application, they are in the position to offer guidance based on Government program in the system and the applicant’s ability to qualify.

Not all Lenders, Loan Officers, Mortgage Brokers or Mortgage Bankers can access each program, many cannot and Realtors are provided access to qualified Lenders.

The Financial and DPA programs are listed as form data, with accompanying downloadable information where applicable, for Realtor and Lender on a State wide basis.

Financial assistance and or DPA amounts are up to $60,000 depending on the market, some programs offer 100% financing, all are based on a variety of data ranging from Credit Score, income, number of people in household to the location of the property. Many of these programs may be combined, but only by a knowledgeable professional, who has training and access.

New Legislation passed by the US Congress now provides down payment assistance on homes priced up to $417,000 and income limits are up to $150,000 on some programs.