"The companies said the initiative addresses one of the most common barriers for first-time homebuyers: accumulating funds for a down payment. Eligible consumers may also have access to a savings-match feature intended to help accelerate progress toward a down payment goal. In addition to savings support, the platform offers credit education and access to live advisers to help consumers make informed financial decisions."
"The path to homeownership is no longer linear and it certainly doesn't start at pre-approval, Landy Liu, founder of Foyer, said in a statement. This partnership with Prosperity reflects a shared belief that the industry needs to support buyers earlier. Prosperity said the partnership aligns with its broader efforts to expand access to homeownership, particularly for first-time buyers. At Prosperity, we believe responsible access to homeownership starts with preparation, said Justin Messer, president and CEO of Prosperity Home Mortgage."
Foyer and Prosperity formed a partnership to help first-time homebuyers overcome down-payment barriers by offering savings support, a savings-match feature, credit education, and live advisers. Eligible consumers can access a savings-match feature to accelerate progress toward down-payment goals and receive credit education to improve financial decisions. The partnership emphasizes earlier support in the homebuying process, noting that homeownership paths are no longer linear and often begin well before pre-approval. The collaboration aims to expand access to homeownership, particularly for first-time buyers, by building savings habits and strengthening long-term financial readiness. A national rollout is underway, giving consumers across the U.S. access to Foyer's platform for early-stage homeownership planning.
Read at www.housingwire.com
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