[int0x2e]

Isn't this a prefect recipe for a super-bubble? When you help people with the down payment this much, wouldn't basically everyone try to apply to enjoy appreciating property values, driving demand and prices ever higher, and even worse - with relatively little commitment to follow through if the economy gets choppy? With the down payment, at least you have some skin in the game, but with this program, for the first 5-10 years you would probably see your mortgage mostly as a rent alternative...