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The Number of Americans
Denied Access to Homeownership Since DPA Was Eliminated October 1st, 2008 |
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key questions answered
consequences of ban
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 What did the Government Accounting Office 2005 report on DPA conclude?
Claim rates for Seller Funded Down Payment Assistance are only 3% higher than non seller funded down payment assistance loans.
According to the Government Accountability Office (GAO) loans without DPA have a projected claims rate of 3%. Loans with DPA have a 6% claims
rate. According to GAO, 94% of homes that purchased with DPA do not foreclose. # # # For additional information, please contact Shelley Mitchell, smitchell@nehemiahcorp.org, 916-231-1999. # # # |
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Fighting for Families Nehemiah Corporation of America |
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