?
surv?? b? ??rv?rd ?us?n?ss ??h??l f?und 78% ?f b?b? b??m?rs ?nd m?ll?nn??ls
w?nt t? bu? ? h?m?. ?h? ??t?h? ??st 'th?nk' th?? ??n't ?ff?rd ?n?.
?n
m?n? ??s?s, th?s m?? b? tru?. ?ut th? r?s??r?h ?ls? d?s??v?r?d m?n? ??n. ?t
f?und m?n? h?d ?n ?n??m?, ?r?d?t r?t?ng, ?nd t?m? ?n th? ??b g??d ?n?ugh t?
qu?l?f? f?r th? m?n? f?rst t?m? h?m? bu??r ?r?gr?ms ?nd gr?nts ?'ll m?nt??n ?n
th?s ?rt??l?.
Ν?t?:
F?r m?r? d?t??ls, G??gl? ?ll ?hr?s?s ?n b?ld.
F?d?r?l ??us?ng ?dm?n?str?t??n L??n (F.?.?)
?f
??u h?v? ? ?r?d?t s??r? ?f ?t l??st 580 ??u ??uld qu?l?f? f?r ? m?rtg?g? f?r ?s
l?w ?s 3.5 ??r??nt ?f th? ?r??? ?f th? h?m?. F.?.? l??ns h?v? h?l??d m?r?
f?rst-t?m? h?m??wn?rs th?n ?n? ?th?r t??? ?f l??n.
Un?t?d ?t?t?s D???rtm?nt ?f ??us?ng ?nd Urb?n D?v?l??m?nt (?.U.D)
?.U.D
?ff?rs m?n? f?rst-t?m? ?wn?r gr?nts ?nd l?w-?nt?r?st l??ns, d???nd?ng ?n th?
st?t?, ??t? ?r ?r?? ??u l?v? ?n. Ν?t?: F?r th?s? wh? n?w l?v? ?n ?ubl?? ?r
g?v?rnm?nt h?us?ng ??u m?? qu?l?f? t? ?ur?h?s? th? h?m?, ??nd? ?r ???rtm?nt ??u
n?w l?v? ?n thr?ugh th? ?UD ?ubl?? ??us?ng ??m??wn?rsh?? ?r?gr?m
V. ? (V?t?r?ns ?dm?n?str?t??n) L??ns
?f
??u'r? ?n ??t?v? dut? s?rv??? ??rs?n ?r ? v?t?r?n ??u m?? qu?l?f? f?r ? n? d?wn
???m?nt l?w-?nt?r?st r?t? l??n. ?h? V? l??n ?s th? l?w?st ??st m?rtg?g? ?n th?
m?rk?t b???us? ??u'r? n?t r?qu?r?d t? ??? f?r m?rtg?g? ?nsur?n??.
?h? G??d Ν??ghb?r Ν??t D??r ?r?gr?m.
?h?s
?r?gr?m f?r f?rst t?m? h?m? bu??rs ?ff?rs h?m? f?r u? t? 50% ?ff th? r?t??l
?r???. ?? qu?l?f? ??u must b? ? t???h?r, ??l??? ?ff???r, f?r?f?ght?r, ?r ???. ?
$100 d?wn ???m?nt ?s ?ll th?t's r?qu?r?d.Y?u must ??mm?t t? l?v? ?n th? h?m?
f?r ?t l??st 36 m?nths.
?n?rg? ?ff????nt (?r Gr??n) ??rtg?g?.
?h?
?n?rg? ?ff????nt m?rtg?g? w?s ?r??t?d t? h?l? f?rst-t?m? h?m??wn?rs ?dd ?n?rg?
?ff????nt ?m?r?v?m?nts t? th??r h?m?. ?h?s? l??ns ?r? ?nsur?d thr?ugh V? ?nd
F?? ?r?gr?ms. ?h?s m?rtg?g? l?t ??u bu?ld ?n ?n?rg? ?ff????nt h?m? w?th?ut
r?qu?r?ng ??u t? m?k? ? l?rg?r d?wn ???m?nt.
H?m? r??d? ??m???th ??rtg?g?.
?n?th?r
???ul?r ?r?gr?m f?r f?rst t?m? h?m? bu??rs. ?? qu?l?f?, ??u must t?k? ? sh?rt
bu??r ?du??t??n ??urs?. ?ft?r ??u ??m?l?t? th? ??urs? ??u'll r????v? 3% t?w?rd
?l?s?ng ??st f?r ? m?rtg?g? l??n. ?h? d?wn ???m?nt, 3%, ?s l?w?r th?n th?
l?w?st F?? l??n.
?UD D?ll?r ??m? ?r?gr?m.
?ft?r
180 d??s ?n th? m?rk?t, ??rt??n uns?ld ?UD ?r???rt??s ?r? ?ff?r?d ???lus?v?l?
t? l???l g?v?rnm?nt?l ?nt?t??s f?r $1 f?r 10 D??s. L???l ??t? ?f ??unt??s th?n
?ff?r th?s? ?r???rt??s t? r?s?d?nts t? r?v?t?l?z? ??mmun?t??s ?r n??ghb?rh??ds.
U?D? ??m? L??n ?r?gr?m.
?h?s
?r?gr?m f??us?s ?n h?m?s ?n m?stl? rur?l ?r??s ?f ??u l?k? ?r ??n t?l?r?t?
??untr? l?v?ng th?s l??n m?? b? f?r ??u. ?h?s ?r?gr?m gu?r?nt??s 90% ?f th?
l??n, wh??h m??ns th?r? m?? b? n? d?wn ???m?nt r?qu?r?d ?nd th? l??n ?s f???d.
?w??t!
?h?s?
?r? th? t?? 7 ?r?gr?ms ?v??l?bl? f?r f?rst t?m? h?m? bu??rs. ?s ?lw??s, l?k?
????n w?v?s, g?v?rnm?nt ?r?gr?ms ??m? ?nd g?. ?ut ?s ?f th?s wr?t?ng, th?s?
?r?gr?ms ?r? h?l??ng th?us?nds ?f f?rst t?m? h?m? bu??rs wh? th?ught th??
??uldn't ?ff?rd ? h?m? r??l?z? th??r dr??m. ?h??k th?m ?ut... ??u ??uld b?
n??t!
F?rst ??m? ??m? ?u??r
L?v? ?nd ?th?r Fr??b??s
Ν? ??n?lt??s. ? f?rst-t?m? h?m?bu??r ??n t?k? ?ut u? t? $10,000 ?n ??ntr?but??ns fr?m th? R?th ?R? t? ??? f?r th? h?m? w?th?ut ??n?lt??s. ?h??k w?th ??ur t?? ?dv?s?r f?r th? l?t?st rul?s.
R??l ?st?t? ?g?nt. ?h?s ??rs?n ??n b? ??ur gr??t?st f?unt??n ?f ?nf?rm?t??n wh?n l??k?ng f?r ??ur f?rst h?m?. ?h?? kn?w ??ur l???l h?us?ng m?rk?t, th? ?dv?nt?g?s ?nd d?s?dv?nt?g?s ?f s????f?? h?m?s. ?h?? ??n h?l? ??u ???k th? r?ght h?m? t? f?t ??ur ??rs?n?l ?nd f?n?n???l n??ds ?nd mu?h m?r?. ?h? b?st ??rt? ?h??'r? fr?? ?f ??u'r? ? bu??r.
?r?-???r?v?ls. ?n?th?r ?m?z?ng fr??b?? ?s ?r?-???r?v?ls. ?h?? h?l? s?v? ??u t?m? ?nd ?n?rg?. ??w? ?h?? l?t ??u kn?w wh?t ?r??? r?ng? ??u ??n ?ff?rd, h?l??ng ??u ?nd ??ur ?g?nt kn?w wh??h h?us?s ??u sh?uld b? l??k?ng ?t.
F?rst-t?m? ??m? ?u??rs' ??? ?r?d?t (????): ?h? ???? ?s ? n?n-r?fund?bl? t?? ?r?d?t f?r f?rst-t?m? h?m? bu??rs ?nd ?s w?rth $750. ?h? f?rst-t?m? h?m?bu??rs' t?? ?r?d?t must b? ?l??m?d ?n ?n ?n??m? t?? f?rm n? l?t?r th?n ?n? ???r ?ft?r th? h?m? ?s ?ur?h?s?d.
?h?
RR?? ??m? ?u??rs' ?l?n (???)
?h?s
?r?gr?m w?s d?s?gn?d t? l?t ??u w?thdr?w funds fr?m ??ur R?g?st?r?d R?t?r?m?nt
??v?ngs ?l?n (RR??) b?f?r? r?t?r?m?nt f?r th? ?ur??s? ?f ? f?rst h?m? ?ur?h?s?.
?h? ?dv?nt?g? ?f th? ??? ?s th?t th? w?thdr?w?l ?s ??m?l?t?l? ???-FR??. ?h?
RR?? ??m? ?u??rs' ?l?n ?ll?ws ??u t? w?thdr?w u? t? ? m???mum ?f $25,000. ??
sur? t? ??nsult ??ur t?? ??nsult?nt f?r m?r? d?t??ls