Items Tagged with 'down payment assistance'

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  • HUD announces new rules for down payment assistance on FHA mortgages

    Claims "certain governmental agencies" may be operating outside existing rules
    The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why.
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  • This homeownership investment startup wants to help teachers buy homes

    Landed helps teachers afford down payments so they can live near their work
    The homeownership investment category has been picking up steam lately thanks to solid home price appreciation nationwide. Now, one startup is taking the concept further – creating an investment program designed specifically to help educators afford homes in the communities in which they work. It's called Landed, and it has some major backers.
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  • Bank of America aims to boost homeownership, will give borrowers up to $10,000 to close a loan

    Launches $5 billion affordable homeownership initiative
    Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country, the bank announced Tuesday. And as part of the program, Bank of America is rolling out a host of new loan programs and options, including grants of as much as $10,000 to help a borrower close a loan.
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  • Wells Fargo expands affordable housing program to Houston

    Big bank partners with nonprofits to offer down payment assistance to Houstonians
    Wells Fargo announced Monday it is partnering with NeighborWorks America and nonprofit organizations to bring down payment assistance to prospective homebuyers in Houston. The bank is committing $6.1 million in housing assistance in the form of $15,000 grants to qualified home buyers in the city.
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  • Wells Fargo offering down payment grants to boost homeownership in Kansas City area

    Bank commits $5.7 million through NeighborhoodLIFT program
    Prospective homebuyers in the Kansas City area will have the chance to get a $15,000 down payment grant from Wells Fargo, as the bank announced Monday that it is bringing its NeighborhoodLIFT program back to the area. According to John Santner, regional vice president of the Midwest region for NeighborWorks America, the Wells Fargo program will help create more than 300 new homeowners in the area.
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  • Employers can now contribute to their employees’ down payments, just like a 401(k)

    HomeFundMe, a crowdfunding down payment site, expands
    Many employers offer a number of benefits as a way to entice new employees to join the company, including health insurance, paid time off, and contributions to the employees’ 401(k) account. While employees may not see the benefits of their 401(k) until they retire, employers can now offer a new benefit that employees will be able to use much sooner – help with a down payment on a house.
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  • These banks raised wages on heels of tax reform

    More mortgages for low-to-moderate income borrowers, too
    Banks are giving back to their employees after Republicans in Congress passed their major tax overhaul last week. One bank even announced it would increase funding to its program which offers down payment assistance and financial education to homebuyers.
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