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AmeriDream Charity Program

Posted on April 24 By MLP Lending Guide

There is another option out there for low to moderate income families who are looking to become more financially secure by owning a home. That option is the AmeriDream Charity Program. AmeriDream, Inc. is a non-profit organization that offers gift funds of up to ten percent of a homes purchase price to be put towards the down payments and closing costs. This program is only available for eligible home buyers and they are required to return all excess funds not used towards down payment and closing costs. All funds must be refunded if the sale is not closed by the scheduled closing date.

Heres how the program works:

1. The first step is to contact AmeriDream, who will help you find a qualified real estate professional in your area, as well as a mortgage professional if you are not working with one already.

2. Then youll have to find and contact a lender for a pre-approval letter for a loan that will accept the gift funds from AmeriDream, like FHA or conventional loans.

3. Next, begin your search and find a home that you would like to purchase.

4. After making an offer on the home and the contract is agreed upon, your gift fund application will be submitted for you to AmeriDream by your lender.

5. Finally, you will receive your notice of approval for AmeriDream. Go to your closing and buy your new home.

To become eligible to receive gift funds from the AmeriDream Charity program contact a lender, a real estate professional or AmeriDream, Inc. This program is easy for buyers and is not limited to first-time homebuyers.

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5 Responses to "AmeriDream Charity Program"
  1. langlang33 10, Sep, 2011

    Wow I absolutely love her! She is gosh darn beautiful also as a really good actor. I dont think the show V is all that great, but I watch it anyway just so I can see Morena Baccarin. And I dont know if youve ever seen her do an interview but she is also rather comical and it all seems to come so natural for her. I personally by no means even heard of her before The V, now Ill watch anything shes on.

      Reply»  
  2. work from home 23, Nov, 2010

    I really liked your blog! It helped me alot...

      Reply»  
  3. Gerardo Sheridon 16, Sep, 2010

    That makes sense to me but does this? Canis meus it comedit. My dog ate it. :)

      Reply»  
  4. Len Rodgerson 02, May, 2010

    Last year investigated investing in foreclosures but wasn't succesful. Appreciate your thoughts on buying them.

      Reply»  
  5. Down Payment Assistance May Go — Mortgage Loan Place Blog 14, May, 2007

    [...] On Friday, May 11 The Department of Housing and Urban Development proposed a rule that would prohibit potential home-buyers from taking advantage of down payment assistance programs like Nehemiah and AmeriDream. [...]

      Reply»  

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