Local and State Governments have teamed up in 2008 to INCREASE the number of home owners and DECREASE the renter population. They have setup the program to make HOME OWNERSHIP EASIER by creating home loan guidelines that are less restrictive than conventional loan programs and provide money assistance for down payment and closing costs.
What's the Catch?
The goal of the program is to increase the overall tax revenue by decreasing the renter population and increasing home-ownership. By doing this, local and state governments can collect higher tax throughput via property taxes and special assessments. Applicants must adhere to strict income, debt, and verification guidelines. This government sponsored program is funded with tax payer bonds. Bond money is limited, so when all resources are exhausted, the current program will end.
Program Highlights*
- 100% Financing Available
- No Down Payment Options
- Buying Power up to $697,500.00
- Reduced Interest Rates
- Closing Cost Assistance Options
- No Monthly Payment Mortgage
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