This last week in real estate has been a lot of hard work!  With one of the most popular additions to FHA (the Nehemiah) going away and this really being the last opportunity to get clients into escrow under the program, we had much to do in a short amount of time.  Nothing like being the buyers (or agent) when you know you HAVE to put an offer in that week or you won’t be able to have a down payment to buy your first home.  For those that don’t know, the program basically allows a seller to do a 3% credit back to the buyer for closing costs and also “grant” another 3% to the Nehemiah Foundation who directly “grants” the money back to the buyer for their down payment.  Great way to “work the system” legally and give 6% to buyer for FHA loans.  There are similar programs out there now but those that were already planning and pre-qualified under this program want to use it and there is plenty of inventory out there at good prices…oh yes, interest rates are still comparatively low!