Hurry Home believes many Americans have been locked out of the mainstream paths to homeownership and building wealth for the next generation. One of the reasons for exclusion is the high cost of housing in America. They work with aspiring homeowners by leveraging a lease-to-own strategy. The program enables participants to become homeowners in ten years. With a fixed term and fixed monthly payments, long-term renters can build stability. During the ten year period, they work with renters to Improve their credit score by reporting there monthly payments to credit bureaus.
Landed helps essential employees purchase property. They also offer a shared equity option by providing down payment assistance which assists the buyer by allowing them to make 20% down payment. There are no income restrictions.
Landis helps renters buy their first home. People can pick out the home of their dreams, rent it for a year (while they build credit and save for a downpayment), then purchase it any time in the first year. Additionally, they offer people tools and incentives to enhance their credit score and build up their down payment.
If you are experiencing financial difficulty as a result of COVID-19, you could qualify for a Short Term Forbearance, which is a plan that provides temporary relief by allowing you to pay reduced payments or suspend your payments for a brief time, depending on your individual situation. Towards the end of your forbearance period, we will reevaluate your situation to determine the best method to pay any missed or reduced payments.
The Your Path Mortgage Program is designed to help individuals with low-to-moderate incomes or alternate sources of income qualify for mortgages. The program is offered through a collaboration between Freddie Mac, Alterra Home Loans and New American Funding.
