'I love this program': Buy-down grants to help seven home buyers in Pottawattamie County
This grant is available to anyone who qualifies and completes the necessary steps in the Pottawattamie County area. Buy-down grants have been provided to help seven home buyers in Pottawattamie County. The grants are available for six more families who are looking to move into the county. One woman, Rebecca Edie, is moving into a new home this weekend thanks to a Buy-down Grant. The grant is saving $175 per month on her mortgage. The program aims to help those who struggle with entry-level housing and find a way to save for a home purchase. Edie credits the program to local experts and community leaders for their innovative approach to saving down payment assistance.
Publicados : um ano atrás por Alex McLoon, https://www.facebook.com/AlexMcLoonTV no Finance
NOW, SOME WAYS TO SAVE. IF YOU’RE SHOPPING FOR A HOUSE, HOME, COUNSELORS CAN HELP. A COUNCIL BLUFFS WOMAN IS MOVING THIS WEEKEND THANKS TO A BUY DOWN GRANT. KETV NEWSWATCH SEVEN’S ALEX MCLOON GETS THE FACTS ON THIS LITTLE KNOWN RESOURCE. ALEX JOINS US LIVE. SEE A BUY DOWN GRANTS ARE AVAILABLE FOR SIX MORE FAMILIES LOOKING TO MOVE INTO POTTAWATTAMIE COUNTY. IT’S ONE WAY LOCAL EXPERTS ARE GETTING CREATIVE TO DELIVER THE AMERICAN DREAM. CONGRATULATIONS! YOU JUST BOUGHT A HOME. YAY! REBECCA EADY CAN’T BELIEVE SHE CLOSED ON HER SECOND HOME FRIDAY AFTER CALLING AROUND FOR HELP. I WAS CALLING IN NUMBERS JUST RIGHT AND LEFT AFTER I TRIED TO FIND A LENDER. SHE ENDED UP AT THE FAMILY HOUSING ADVISORY SERVICE, A HUD CERTIFIED HOUSING COUNSELING AGENCY THAT HELPED HER MOVE MINUTES AWAY INTO A PLACE WITH MULTIPLE FLOORS. SHE’LL MOVE IN THIS WEEKEND, GIVING HER THREE ADOPTED GRANDCHILDREN MORE ROOM TO GROW UP. REBECCA REALIZED HER OLD HOUSE WAS TOO SMALL, SO SHE CALLED ORGANIZATIONS ASKING FOR ANY ASSISTANCE TO MAKE THE PURCHASE MORE AFFORDABLE. I’M A SINGLE PARENT. I JUST HAVE ONE INCOME. THIS LONGTIME REAL ESTATE AGENT KNEW SHE COULD HELP. WE FOUND SOME FUNDERS WEREN’T SUPER EXCITED ABOUT DOING DOWN PAYMENT ASSISTANCE ANYMORE. THE LITTLE KNOWN BUY DOWN GRANT IS SAVING REBECCA. $175 PER MONTH ON HER MORTGAGE. AND AS THE INTEREST RATES STARTED GOING UP, I THOUGHT, YOU KNOW, I DON’T HEAR ANYTHING ABOUT BYTOWN’S ANYMORE. AND SO NOW YOU SEE THEM COMING BACK IN THE MARKET BECAUSE THE RATES ARE GOING UP AGAIN. REALTORS SAY RATE INCREASES AND HOME PRICES HAVE GONE THROUGH THE ROOF. IT’S REALLY GETTING A LOT MORE CHALLENGING FOR OUR ENTRY LEVEL BUYERS TO BE COMPETITIVE, TO BE ABLE TO HAVE THE FUNDS THAT THEY NEED TO PURCHASE THE HOME. THAT’S ONE OF THE REASONS I LOVE THIS PROGRAM. I MEAN, THE FIRST LENDER I WENT THROUGH WAS UNAWARE OF IT AT A TIME. THE AMERICAN DREAM FEELS LIKE A NIGHTMARE. A LITTLE MORE WORK WENT A LONG WAY. I’M PRETTY STILL PRETTY NUMB. THIS GRANT IS AVAILABLE TO ANYONE WHO QUALIFIES AND COMPLETES THE NECESSARY STEPS IN THE POTTAWATTAMIE COUNTY AREA. THE PROGRAM LASTS UNTIL NOVEMBER OR WHI
Buy-down grants to help seven home buyers in Pottawattamie County Rebecca Edie is still pinching herself after closing on her new home Friday. The single mom found herself dialing countless numbers in search of a lender. "I was calling numbers just right and left," Edie said.Her journey took a turn for the better when she landed at the Family Housing Advisory Service, a HUD-certified housing counseling agency. Their expert advice helped her move just minutes away into her second home, with a basement and second level. Movers are already loading a moving truck so Edie's three adopted grandchildren will have plenty of room to stretch out and grow."We found some funders weren't super excited about doing downpayment assistance anymore," said Denise Parker with Family Housing Advisory Services.The little-known buy-down grant is saving Rebecca $175 per month on her mortgage."As the interest rates started going up, I thought, you know, I don't hear anything about paydowns anymore. And so now you see them coming back in the market because the rates are going up again," Parker said.Rate increases and home prices have gone up astronomically."It's really getting a lot more challenging for our entry-level buyers to be competitive, to be able to have the funds that they need to purchase a home," said Jennifer Tucker, a realtor with Better Homes and Gardens Real Estate. "That's one of the reasons I love this program.""I mean the first lender I went to was unaware of it," Edie said.At a time, the American dream feels like a nightmare, the sense of Rebecca's relief is still numb as she holds the keys to her new home.This grant is available to anyone who qualifies and completes the necessary steps in the Pottawattamie County area. Six more buyers are eligible. The program lasts until November, or however funds last.Click here for the latest headlines from KETV NewsWatch 7 Rebecca Edie is still pinching herself after closing on her new home Friday. The single mom found herself dialing countless numbers in search of a lender. "I was calling numbers just right and left," Edie said. Her journey took a turn for the better when she landed at the Family Housing Advisory Service, a HUD-certified housing counseling agency. Their expert advice helped her move just minutes away into her second home, with a basement and second level. Movers are already loading a moving truck so Edie's three adopted grandchildren will have plenty of room to stretch out and grow. "We found some funders weren't super excited about doing downpayment assistance anymore," said Denise Parker with Family Housing Advisory Services. The little-known buy-down grant is saving Rebecca $175 per month on her mortgage. "As the interest rates started going up, I thought, you know, I don't hear anything about paydowns anymore. And so now you see them coming back in the market because the rates are going up again," Parker said. Rate increases and home prices have gone up astronomically. "It's really getting a lot more challenging for our entry-level buyers to be competitive, to be able to have the funds that they need to purchase a home," said Jennifer Tucker, a realtor with Better Homes and Gardens Real Estate. "That's one of the reasons I love this program." "I mean the first lender I went to was unaware of it," Edie said. At a time, the American dream feels like a nightmare, the sense of Rebecca's relief is still numb as she holds the keys to her new home. This grant is available to anyone who qualifies and completes the necessary steps in the Pottawattamie County area. Six more buyers are eligible. The program lasts until November, or however funds last. Click here for the latest headlines from KETV NewsWatch 7
Tópicos: Real Estate, Markets