Guild Mortgage, one of the nation’s largest lenders, has recently joined a growing list of lenders and services that are offering down payment assistance for potential home buyers.
With the current state of the housing market, many potential buyers are being shut out due to low credit scores, insufficient income, or lack of a down payment. To help more of these potential buyers enter the market, Guild Mortgage is now offering this assistance program to supplement other obstacles. This program will offer gift-based help for those on the lower end of the income spectrum and attractive loan cost and rates to those who can afford a small down payment with their own money.
The down payment assistance program offered through Guild Mortgage will help more borrowers who may otherwise be unable to purchase a home. The important elements are as follows:
• Guild Mortgage joins list of lenders offering down payment assistance programs
• Designed to court more buyers in a tough market
• Program offers gift-based help for low-income buyers and attractive loan cost and rates for those with some money for a down payment
• Will help more potential buyers enter the market
You can read this full article at: https://www.housingwire.com/articles/guild-launches-1-down-payment-advantage-program/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
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