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Lender Videos

Sean Cornwell

I have helped many credit worthy families purchase homes using Seller Paid DPA in the past and have an extremely low default rate on these transactions. If we have no more DPA then we will have to rely on the Government which means using our taxpayer dollars. Seller paid DPA did not use TaxPayer dollars. Seller Paid DPA used behind good underwriting guidelines is vital to the housing industry and our economy!

Terry Johnson

I recently closed 2 transactions with homebuyers who used Ameridream own payment assistance. One was a Registered Nurse, the other a Union Journeyman Carpenter. Both of these deserving folks had good credit and income, but they lacked a down payment. The DPA program works and should be reinstituted. I support HR 6694.

Sincerely, Terry Johnson
Past President, Oregon Association of Mortgage Professionals

Pat Gaver

Loan Originator, BB&T

Past President MBA of Tallahassee

To Whom It May Concern:

I am writing to you today to urge the continuance of seller paid down payment assistance. I have been in the lending business for nearly a decade. I am involved in my community through the Board of Realtors, MBA, and The Women's Council of Realtors.

My concerns with the elimination of seller paid down payment assistance are twofold. The first concern is market affect. The real estate market is doing its best to absorb foreclosures and losses. While it is agreed that high LTV financing has some blame. The elimination of this program will amplify the already glutted market. Secondly, seller paid down payment assistance helps families achieve their dreams. In a market where clients are already burden with increased expenses, home ownership may vanish for many clients if these programs are eliminated. In short we hurt our market and our citizens.

AmeriDream is a program of which I have been proud to be associated with in today's market. It has helped many Americans fulfill the Dream. If the seller funded down payment assistance is more of a risk, possibly consider a pricing adjustment, or a minimum credit score requirement. I just believe that the elimination would prove devastating.

Dianne D.

Sales Assistant, GMAC Mortgage

“We live in such a fast paced world.  And in this world of instant gratification, people are usually quick to be critical of shortcomings, no matter how insignificant it may be.  I just wanted to take a few moments of your time to relay my own personal experience with AmeriDream.

“I have worked with GMAC Mortgage in Jackson, MS for 3 years and we utilize AmeriDream several times a month for down payment assistance.  I can truthfully tell you that this entire time, I have nothing but positive things to say about both your organization and AmeriDream's employees.  When I first started working here, I was a retired welding inspector fresh from a 20-year career in the US Navy.  Needless to say, I knew nothing of mortgages, much less AmeriDream.  Personnel I encountered were patient with me, and helped me learn about the program and the application process.  Today, I know that when I submit an application, I will receive a response normally within no longer than 4 hours-often times, it is much sooner.  The people I speak with are always, kind, helpful and professional, without exception.

“We have the opportunity to utilize other down payment assistance programs, but we choose to work with AmeriDream.  I look forward to a continued relationship with AmeriDream and please convey my sincerest appreciation to the people of AmeriDream for making this such a positive aspect of my job.”

Amanda M.

Manufactured Housing Specialist , Irwin Mortgage Corporation

“I cannot tell you how impressed I am with the outstanding service I receive every time I contact your organization. I continue to sing your praises far and wide! Thank you.”

Kitty W.

Branch Manager, Builder’s Choice Mortgage

“I wanted to let you know what a very pleasant experience it was for us. The closing was a rush because we did not get the loan application until the last minute and AmeriDream saved our life. The process was so simple and approval was done within 24 hours.”

Sally H.

Loan Officer, Common Cents Financial Services, LLC

“AmeriDream, you guys are awesome. It’s always smooth sailing when we do AmeriDream. Thank you for your promptness and help.”

DeAnn S.

Special Programs Unit, Irvine Loan Center

“Your recent updates to your web site and the forms are really nice. My partner and I love working with you… keep up the great work!!”

Harold C.

National City Mortgage

“I have used your program twice in the last month and both times I was pleased with the results, and the ease with which one can access the program. I was particularly pleased when we were able to get a young couple into their first home without having to take cash from their retirement fund. Initially that was their plan, but because we were able to use the AmeriDream program, we were able to maintain the complete integrity of their retirement program. Ultimately this will save them a ton of money and make their retirement much more comfortable.”

Bobby S.

Bay Springs Mortgage

“You just made my life a lot easier!!”