Pathway to Homeownership
It’s time to stop renting and get you on the right track to owning your own home!
CARE’s Affordable Home Ownership Program is full of various options and assistance to help you become a homeowner. Two of the biggest problems first time homebuyers face is not having the funds for a down payment and/or not knowing where your finances need to be, such as your credit score or debt to income ratio. The other is not being able to afford the mortgage. As part of our service to you and the goal of the Affordable Home Ownership Program is to prepare you to purchase and to create a more affordable pathway for you to make owning a home a reality.
Down Payment Assistance: Silent Seconds and Forgivable Grants
If you are struggling to save the funds for a down payment, you may qualify for Down Payment Assistance. This includes programs that can provide money that could be used as a down payment or a means in which to lower your overall payment on your mortgage. This may be able to be done with a low interest rate, loan with deferred payments, and or a forgivable grant program. We will work with you to find the right program that fits your specific needs and help you save the most money, while keeping your mortgage payment as low as possible.
If you are worried about your credit not being where it should be, worry no more. At CARE, we help match you with Credit Specialists that can analyze your credit reports and customize strategies to improve your credit and lower your debt to income ratio.
Here are a few quick tips for your credit:
- Keep your loan balances under 50% of the credit line
- Do not fully close out your credit lines
- Do not miss a payment
- There are ways to remove derogatoriness from your credit report
Can your house payment be less than your rent? To find out…Click Here
To learn more please visit us here: https://carerealtygroup.org/smart-loan/ or fill this form out below and we will contact you shortly: