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G.A.P. Is HUD APPROVED!!!
The Grant
America Program was given an approval by HUD.
Click Here To
See Approval
The
Grant America Program
(G.A.P.) ™ is a government grant program that provides
low to
moderate-income homebuyers with a down payment grant to be used
towards the purchase of a home..
The grant of up to $34,000 will be sent directly
to the settlement agent for the benefit of the homebuyer. The
only qualification is that the homebuyer must qualify for a mortgage loan that allows gift funds (e.g., FHA loans) and the seller must be willing to enroll the home
in the program.
Click Here To Refer
This Website ...
News Room
Sample
Forms
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Government
Down Payment Assistance
HUD guidelines (4155.1 revised) allow a
cash gift of down payment funds from a government entity.
G.A.P. is a Government Down Payment Assistance Program,
not a "non-profit" program and is not subject to IRS
Ruling 2006-27. Click
Here For More Info... |
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What Does HUD Say About GAP
“HUD finds that PIN’s Grant America Program (“GAP”)
meets HUD’s current policies pertaining to the source of
gift funds for the borrowers’ required cash investment
for obtaining FHA insured mortgage financing.
Accordingly, HUD will insure mortgages that meet FHA
requirements in which home buyers obtain downpayment
assistance provided by PIN for the borrowers cash
investments” |
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