"Homeownership is a pivotal life moment marking the beginning of a new chapter and is a right earned by our Veterans and Service Members through their sacrifice for our nation, Thomas Lynch, executive chairman of NewDay USA, said in a statement. NewDay Home is a real solution that strengthens military families' buying power in today's competitive market. For many Veterans, that means the ability to purchase a home without bringing a single dollar to the table upfront. Their service is their down payment."
"The company said it offers hands-on support from application to closing. NewDay Home was built to benefit our country's heroes full stop. As a Veteran myself, it is truly a privilege to work with a dedicated team that understands military life and what it means to serve, said Neil Brooks, president of NewDay Home, which includes a national network of VA loan-certified real estate agents."
NewDay Home enables veterans and active service members who have steady employment, strong credit, and solid income but limited savings to cover closing costs through a companion product, NewDay Advantage. NewDay Advantage finances closing expenses over five years with no interest if repaid within a year. The program connects borrowers with VA loan-certified real estate agents and provides hands-on support from application to closing. The product helps veterans compete with cash buyers and can enable closings in as few as 15 days. Rising rents, which increased about 31% over five years, motivate the program's goal to expand homeownership among military families.
Read at www.housingwire.com
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