Making home ownership a reality for all is possible.
Buying a home is a symbol of the American dream, both as place to live and raise children and as an asset that can grow in value, provide future economic opportunities and grow generational wealth. Yet for many people, escalated home prices, increasing mortgage rates, inflation, and a low inventory seem to be pushing home ownership from within their reach. However, we have been highly successful in making homeowners of many families with low incomes, and ensuring that we are serving diverse communities.
One of the biggest difficulties for homebuyers is saving enough money for a down payment and closing costs. There are now a number of loan programs created specifically to assist potential buyers with low to moderate income and those from underserved communities. Among these special loan programs are opportunities for low to zero interest rate down payment assistance loans, and zero interest programs to cover closing costs.
First-time homebuyers get build immediate equity in their homes through a zero percent interest loan of up to 10% of the purchase price of their home, and the loan is forgivable if the borrower continuously occupies the home as their primary residence for five years.
There are also special loans exclusively for military veterans, first-time home buyer programs, 30-year fixed-rate conventional mortgage, and FHA backed mortgages along with certain tax credits and grant availability.
At 1 Stop Lending, we work hard to find the best option for you. After nearly two decades in the industry, you can rest assured that we are knowledgeable professionals with the expertise and attention to detail that you deserve. If you have been looking for homeownership assistance programs to help you afford a home, you’ve come to the right place. There are many assistance programs available today.
The best option is getting the right mortgage loan. If you are interested in learning more about home loans for low to moderate income and underserved communities that can bring homeownership within your reach, we are just one phone call, text or email away from answering any questions you have. Take the first step toward your dream home today by visiting https://1stoplending.net for more.