Down payment help: The Nehemiah Program offers mortgage assistance for new home buyers. (Real Estate Strategies).

From: Black Enterprise | Date: October 1, 2002| Author: | Copyright information

Last year, Tanya Power, a 26-year-old executive assistant with INVESCO Retirement Inc. in Atlanta, decided to take the plunge into home ownership. "I got tired of throwing away $800 a month on rent," she says. After speaking with friends who recently purchased homes, Power discovered The Nehemiah Program (877-634-3642), which offers down payment assistance to home buyers of all income levels who meet FHA loan requirements.

The program, which is administered by the Sacramento-based Nehemiah Corp. of California, allows the seller or home builder to contribute from 1% to 6% of ...

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