RISMEDIA, April 16, 2007-The newly introduced Grant America Program, a government grant down payment program for low to moderate income home buyer's, has been greeted with great fanfare by government officials, lenders and real estate professionals as a safe and legitimate alternative to the ill-fated non-profit gift programs.
The non-profits are all being eliminated because of IRS ruling 2006-27, issued in May 2006. The Grant America Program provides a government grant that is not affected by the IRS ruling.
The down payment program is easy to use. Mortgage lenders and brokers can sign up online at www.FHADPA.com to start using the program. Grant America Program is a safe, simple to use, alternative to the non-profit (Nehemiah, Ameridream and similar) programs. Major lenders have already approved the program for use on FHA and conventional loans. Simply sign-up and start using it today. Mortgage lenders and brokers who sign up now are eligible for special "Early Adopter" pricing.
For more information, visit www.FHADPA.com.