Similar to a 529 Plan, the American Dream Down Payment Act would help homebuyers save 20 percent for a down payment in a state-managed savings account.
Source: Inman News
New federal legislation aims to help buyers save for down payments
Published in CARES Act, CBC Mortgage Agency, colorado association of realtors, down payment assistance, down payments, financial aid, First Time Homebuyer Pandemic Savings Act, Lifestyle, Markets & Economy, Mortgage, NAR, nareb, Rep. Sean Mahoney and Uncategorized
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