Are there any down payment assistance programs left to use?

Are there any down payment assistance programs left to use?

Not much remains now, but maybe there will be in the future...and the future has arrived - at least loan programs sponsored by these four states:  Idaho, Massachusetts, Minnesota and Wisconsin.  They are offering ZERO DOWN PAYMENT loans - more Exotic State Mortgages.

However, most other programs have been terminated.  For instance, the Georgia Dream Program ended June 30, 2010. See other programs that at one time were available here at the FHA website.

On July 30, 2008, the Federal Government passed H.R. 3221 - Housing and Economic Recovery Act of 2008. Section 2113 of the bill prohibits seller-funded DPA (Down Payment Assistance) for loans backed by the Federal Housing Administration.

Prior to this bill, the seller could contribute up to 6% to the buyer to cover either a down payment or closing costs on an FHA loan. The changes are effective October 1, 2008.

 The bill is means the elimination of Non Profit Down Payment Assistance. Only Government funded housing grants are available for Down Payment Assistance under the American Dream Down Payment Assistance Act.

8-20-2010 Update:  Almost 625,000 people were helped with DPA programs from 2000-2005; in 2004, 31% of 510,000 FHA single family DPA from non-profits v. about 6% in 2000; the GAO warned that the DPA programs were artificially inflating prices; and IRS Commissioner (Mark Everson) raised concerns.

8-26-2010 Update: The Atlanta Development Authority offers a downpayment assistance program for properties within the Atlanta BeltLine Tax Allocation District city limits.It appears that the only low cost loan program available for home Buyers is an FHA loan that requires only 3.5% down payment.Note: According to http://www.mortgageloan.com/mortgage-delinquency-rates-decline-mba, about 25% of subprime loans; 7% of prime loans; 14% of FHA loans; & 7% of VA loans were delinquent as of Feb-2010.