Down payment

Motto Mortgage Premier Experts to Host Grand Opening Celebration on Thursday, March 7

Retrieved on: 
Thursday, February 29, 2024
Dream, Bank, Hope, Down payment, Convention (norm), FHA, House, Motto, USDA, Real estate

MERIDIAN, Miss., Feb. 29, 2024 /PRNewswire/ -- Motto Mortgage, the first-and-only national mortgage brokerage franchise in the United States focused on transparency and compliance, has a new office in Meridian, Mississippi. Motto Mortgage Premier Experts is now open and serving all markets throughout The Magnolia State.

Key Points: 
  • Motto Mortgage Premier Experts is now open and serving all markets throughout The Magnolia State.
  • Motto Mortgage Premier Experts will hold a grand opening celebration on Thursday, March 7, 2024, from 10 – 11 a.m. at its office located at 607 22nd Avenue in Meridian.
  • Motto Mortgage Premier Experts is a customer-first, full-service mortgage brokerage established by Tim Allred, Dustin Hill, and Darryl Jackson, who together bring over 60 years of combined real estate industry experience to the brokerage.
  • For more information about the grand opening celebration, please contact Motto Mortgage Premier Experts at 601-512-2275.

Affordable Housing Grants Strengthen Communities with Over $33 Million Awarded from Federal Home Loan Bank of Chicago

Retrieved on: 
Monday, December 4, 2023
Banking, Professional Services, Philanthropy, People with Disabilities, Consumer, Socially Responsible Investing, Other Construction & Property, Social Services, Residential Building & Real Estate, Construction & Property, Urban Planning, Other Philanthropy, Accounting, Acquisition, Organization, Disability, Multimedia, AHP, Small business, Federal Home Loan Banks, Public housing, Rehabilitation, Down payment, Veteran, Senior advisor, Partnership, Housing, Real estate development, Renewable energy, Health insurance

The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced that it has awarded more than $33 million to help finance 44 housing projects and developments across Illinois and Wisconsin through its Affordable Housing Program (AHP) General Fund.

Key Points: 
  • The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced that it has awarded more than $33 million to help finance 44 housing projects and developments across Illinois and Wisconsin through its Affordable Housing Program (AHP) General Fund.
  • These factors further compound the already critical need for affordable housing support in both rural and urban communities across our District,” said Michael Ericson, President and CEO, FHLBank Chicago.
  • In 2023, several of the awarded affordable housing projects will provide much needed housing and services for low- and moderate-income communities for seniors, those with disabilities, tribal communities and veterans.
  • Additionally, FHLBank Chicago will double the maximum per-project subsidy to $2 million in 2024 to increase financial impact for future affordable housing projects and developments.

Silverton Mortgage Offers New Loans With 100% Financing

Retrieved on: 
Thursday, November 30, 2023
Naming convention (programming), USDA, Down payment, Convention (norm), National Association, FHA, Veteran, Partnership, NAR, Real estate, Bank

ATLANTA, Nov. 30, 2023 /PRNewswire-PRWeb/ -- Hundreds of thousands of Americans are currently considering homeownership, but are facing a major hurdle of a down payment on a new home. According to the National Association of Realtors® (NAR), the median sales price for existing homes in January 2023 was $359,000, which means that a potential homeowner trying to save up a 10% down payment would need close to $40,000.

Key Points: 
  • Silverton Mortgage, a leading direct residential mortgage lender, has programs that can help potential home buyers obtain a mortgage loan with no cash down.
  • - Dan Dadoun, president of Silverton Mortgage
    Silverton Mortgage, a leading direct residential mortgage lender, has programs that can help potential home buyers obtain a mortgage loan with no cash down.
  • "We know that homeownership is becoming increasingly difficult for the average American to achieve," said Dan Dadoun, president of Silverton Mortgage.
  • Silverton also offers 100% financing options through both VA and USDA loans.

Tri Counties Bank and Self-Help Enterprises Launch Down Payment Assistance Program in the California Central Valley

Retrieved on: 
Wednesday, October 18, 2023
Other Philanthropy, Personal Finance, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Residential Building & Real Estate, Forgiveness, Central Valley, Tri Counties Bank, Down payment, Multimedia, DPA, Senior, SHE, Partnership, Real estate, San Joaquin Valley

Tri Counties Bank announced today a partnership with Self-Help Enterprises (SHE) to launch a new Down Payment Assistance (DPA) Program.

Key Points: 
  • Tri Counties Bank announced today a partnership with Self-Help Enterprises (SHE) to launch a new Down Payment Assistance (DPA) Program.
  • Tri Counties Bank is funding the program with a $150,000 donation to support low- and moderate-income homebuyers in Stanislaus, Merced, Madera, Fresno, Tulare and Kern Counties.
  • View the full release here: https://www.businesswire.com/news/home/20231018455732/en/
    Tri Counties Bank awards Self-Help Enterprises with a $150,000 donation to fund a new Down Payment Assistance that support low- and moderate-income homebuyers in Stanislaus, Merced, Madera, Fresno, Tulare and Kern Counties.
  • (Photo: Business Wire)
    The new program is coordinated through SHE and all home mortgages will be financed through Tri Counties Bank.

Silverton Mortgage Opens First Office in Savannah, Expands Statewide Presence

Retrieved on: 
Tuesday, September 19, 2023
Down payment, Nursing care plan, USDA, Silverton, FHA, Real estate, Savanna

ATLANTA, Sept. 19, 2023 /PRNewswire-PRWeb/ -- Silverton Mortgage, a leading direct residential mortgage lender, announces the opening of its first office in Savannah, Ga., as it continues to expand its footprint in new markets.

Key Points: 
  • Silverton Mortgage, a leading direct residential mortgage lender, announces the opening of its first office in Savannah, Ga., as it continues to expand its footprint in new markets.
  • ATLANTA, Sept. 19, 2023 /PRNewswire-PRWeb/ -- Silverton Mortgage, a leading direct residential mortgage lender, announces the opening of its first office in Savannah, Ga., as it continues to expand its footprint in new markets.
  • We're excited to open another office and provide personalized services to home buyers along the Georgia coast.
  • Silverton Mortgage also supports many community organizations with team time and resources including The Silverton Foundation, which provides mortgage and rent assistance to help reduce financial and emotional burdens for families with children who have been hospitalized or receive ongoing chronic or critical care treatments.

Association of Independent Mortgage Experts Announces 2023 Sponsorships

Retrieved on: 
Friday, January 20, 2023
Residential Building & Real Estate, Banking, Construction & Property, Professional Services, Other Consumer, State, Local, Public Policy, Small Business, Government, Consumer, Other Construction & Property, Hall, Fuse, UWM, CDFI, Down payment, Philosophy, Flagstar Bank, EPM, Housing, Homebridge Financial Services, Partnership, United Wholesale Mortgage, Growth, Dream, AIME, Mutual of Omaha, Financial services, Real estate

The Association of Independent Mortgage Experts (AIME), a non-profit trade association supporting independent mortgage professionals, announced its 2023 sponsors , which include sixteen wholesale industry partners committed to the growth of the broker channel and local mortgage originators.

Key Points: 
  • The Association of Independent Mortgage Experts (AIME), a non-profit trade association supporting independent mortgage professionals, announced its 2023 sponsors , which include sixteen wholesale industry partners committed to the growth of the broker channel and local mortgage originators.
  • By developing strong partnerships with these key wholesale lenders and vendors, AIME is able to offer independent mortgage professionals a direct line of access to the most influential partners in the mortgage industry, further enhancing the support for originators and their local communities.
  • “AIME and UWM are very like-minded and believe independent mortgage brokers are the best place for a consumer to get a loan and the best place for a loan officer to work.
  • Also returning for 2023 are AFR Wholesale, Flagstar Bank, Plaza Home Mortgage, Power TPO, and REMN Wholesale.

AIME and UWM Announce Joint Advocacy Success, Florida’s Hometown Heroes Program is Now Wholesale

Retrieved on: 
Thursday, December 29, 2022
Other Consumer, Construction & Property, Banking, Public Policy, Government, Professional Services, Small Business, State, Local, Consumer, Other Construction & Property, Partnership, BAC, Firefighter, United Wholesale Mortgage, Down payment, UWM, AIME, Law enforcement, DHL Hometown Heroes, Housing, Real estate, Advocacy, Veteran

A huge victory for independent mortgage brokers – the Florida Hometown Heroes Down Payment Assistance Program has been amended to include Third-Party Originators.

Key Points: 
  • A huge victory for independent mortgage brokers – the Florida Hometown Heroes Down Payment Assistance Program has been amended to include Third-Party Originators.
  • Over 10,000 independent mortgage brokers in Florida now have access to offer loans under the program, due to the joint advocacy efforts of the Association of Independent Mortgage Experts (AIME) and United Wholesale Mortgage, the number one mortgage lender in America.
  • “This is just the beginning for the positive changes spearheaded by AIME’s advocacy efforts in partnership with UWM’s Government Relations Team,” announces Katie Sweeney, CEO of AIME.
  • And it shows that UWM and AIME together are always willing to go to bat for the mortgage broker community.” This joint effort has established UWM as the first-ever wholesale lender to offer the Hometown Heroes Housing Program to eligible broker shops and loan officers in Florida.

WSFS Bank Commits $3 Million for Down Payment Grant Program to Assist Eligible Homebuyers with Financial Support They Need

Retrieved on: 
Monday, April 18, 2022
Transfer, MMCT, LLC, Community, Down payment, WSFS, WSFS Bank, GLOBE, Program, AMI, Neighbourhood, Paul Newlan, Nasdaq, Fannie Mae, Peachtree Financial Solutions, Senior, Freddie Mac, Trust, Health insurance, Credit, Bank, Delaware Valley

The grants are designed to provide additional access to down payment and closing cost funds for primary residence purchases for eligible borrowers in eligible census tracts.

Key Points: 
  • The grants are designed to provide additional access to down payment and closing cost funds for primary residence purchases for eligible borrowers in eligible census tracts.
  • To speak with a WSFS representative about the Down Payment Grant Program, call 855.901.9737 or call 888.456.0146 to discuss the Neighborhood Opportunity Program.
  • Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.
  • As of December31, 2021, WSFS Financial Corporation had $15.8 billion in assets on its balance sheet and $34.6 billion in assets under management and administration.

It's Getting Harder to Save for a Down Payment, But First-Time Buyers Have New Opportunities in the Great Reshuffling

Retrieved on: 
Thursday, July 8, 2021
Real estate valuation, Zillow, Contract law, Real estate, Down payment

And as prices rise at a record pace , it may take even longer for today's renters to save up for tomorrow's homes.

Key Points: 
  • And as prices rise at a record pace , it may take even longer for today's renters to save up for tomorrow's homes.
  • "Without the equity from a previous home sale, first-time home buyers face more challenges in coming up with a down payment," says Zillow economic data analyst Nicole Bachaud.
  • Those who are just starting to save may need to factor in this rapid pace of home value growth.
  • Among the top 50 metro areas, renters in Birmingham, Memphis and Detroit could save for a down payment the fastest.

Veterans United Home Loans Partners with Actor and Marine Corps Veteran Rob Riggle to Educate Veterans About Their Home Loan Benefit

Retrieved on: 
Monday, June 28, 2021
Other Defense, Entertainment, Other Construction & Property, Automotive, Defense, Construction & Property, Celebrity, Retail, Marketing, Advertising, Communications, Other Automotive, Loans, Money, Finance, Mortgage industry of the United States, United States Department of Veterans Affairs, Economy, VA loan, Personal finance, Veterans United Home Loans, Riggle, Down payment, Mortgage loan

Veterans United Home Loans , the nations largest VA purchase lender, is teaming up with actor and Marine Corps Veteran Rob Riggle to help educate Veterans and service members about their VA home loan benefit.

Key Points: 
  • Veterans United Home Loans , the nations largest VA purchase lender, is teaming up with actor and Marine Corps Veteran Rob Riggle to help educate Veterans and service members about their VA home loan benefit.
  • Veterans can buy homes without needing a down payment or sky-high credit scores because of their VA loan benefit.
  • A separate series of spots feature Riggle interacting with real Veteran homebuyers who chose Veterans United.
  • Veterans United has an unmatched reputation for helping Veterans use their home loan benefit to purchase homes, Riggle said.