The article highlights the numerous down payment assistance programs available in the U.S., emphasizing that many middle-income individuals are not aware of their eligibility. These programs can offer significant financial aid, sometimes up to $50,000. NeighborWorks, a key player in this space, builds around 700 homes a year and lends nearly $700 million annually. The article underscores the importance of financial education in home buying, sharing a personal example of how critical guidance can prevent last-minute issues. NeighborWorks also manages numerous rental units and offers various resident services, enhancing community engagement and support.
Robinson explained that there are over 2,000 down payment assistance programs in the U.S., which many middle-income groups are unaware they qualify for.
NeighborWorks is among the nation's top builders, constructing about 700 homes annually and facilitating $700 million in lending, including down payment assistance.
Robinson illustrated the crucial role of financial education by sharing an anecdote where a last-minute car purchase nearly derailed a buyer's mortgage approval.
NeighborWorks offers more than education; it provides grants for housing rehab and manages approximately 213,000 rental units, ensuring resident services like financial literacy.
Collection
[
|
...
]