President Bush recently signed into law the Housing and Economic Recovery Act of 2008. The bill has some great benefits for homebuyers - like the $7500 tax credit for first time buyers.

But it has one big negative! The bill eliminates builder-funded downpayment assistance on FHA loans as of Oct. 1, 2008.

Downpayment assistance is a procedure that has been allowed for years that allows you to purchase a home with NO MONEY DOWN.

Your mortgage must be approved by September 30, 2008 in order to take advantage of no-money-down opportunities from Richport Properties! Contact Richport or one of our preferred lenders for more information (link to Partners page).

But hurry! Time really is running out on this great way to become a homeowner!