Change in Income Guidelines to receive up to $80,000 for down payment assistance

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The Neighborhood Stabilization Program, a program that offers down payment assistance of up to $80,000 to owner occupant buyers has adjusted their income guidelines in order to qualify for the down payment assistance. If the buyers qualify they can get the $80,000 down payment in the form of a loan they do not need to pay off as long as they reside in the home for 15 years. Get this, you do not even need to make any payments on this $80,000 second loan. The only payments you make are the payments on the first loan. How do you qualify? […]