08/18/2024
🌟 Exciting News for First-Time Buyers! 🌟
I want to share a fantastic opportunity for our community’s first-time homebuyers: the Hometown Heroes Program! 🏡✨
If you’ve been dreaming of owning your own home but are concerned about the down payment and closing costs, this program might be the perfect solution for you. Eligible buyers can receive up to 5% (with a maximum of $35,000) in assistance.
Here's how it works:
The money used towards your down payment and closing costs would sit as a silent 2nd mortgage. The mortgage is a 0% interest, non-amortizing, 30-year deferred 2nd mortgage. It is non-forgivable, so it would be due when the property is sold, refinanced, or if there is a change in title. But it can often be repackaged into a single mortgage if you choose to refinance down the road.
There are no monthly payments on the 2nd mortgage until you refinance, sell, or change the title.
Funds can be used for your down payment and closing costs
This is an incredible opportunity to get a helping hand as you step into homeownership! 🏠 Remember, this loan is non-forgivable, but with the favorable terms, it's a fantastic way to make your homeownership dreams a reality.
If you or someone you know is interested, don’t hesitate to reach out @941-999-7009. I’m here to guide you every step of the way!
Let’s make your homeownership dreams come true! 🗝️💙
