Trying to buy first home but with the current market is really hard. This program is a big help for whoever qualifies. Is there any program that helps anyone who is a first-time buyer without taking into consideration your parents owning a home? It would be nice if for the future they don't take that into account. Perhaps instead of using that rule they could just replace it with if your parents benefited from any similar program to purchase their home then you can't qualify for this. I think that would be fair. Nice video.
Currently the registration is scheduled to open sometime in Spring 2024. We're currently preapproving clients to review eligibility on the program. Thanks!
The upcoming release of Dream for All would be designed for clients looking to purchase this year as there will be a time frame to use the lottery voucher for purchasing in 2024. We'd encourage you to connect with us to help you build a homebuying plan to purchase in 2025.
If I decide to own the home for the entire 30 years and home is fully paid. Do I still have to pay the 20% dream loan? If so, how would it be paid? Also I will qualify as a first generation home owner but my husband is a co-signer for his uncle for a home. Would we still qualify even if i dont currenlty work? My husband is the only one working.
Good Morning! Thanks for your message. If the Shared Appreciation Loan is held for 30 yrs then at the end of this time period the equity appreciation would be due along with the original 20% assistance. For the first generation requirement if your Husband cosigned for a property and has been on title for the last 7 years then unfortunately he would not qualify. However if you meet the first generation requirement and are included in the application with your Husband then that could be an option to meet the qualifying. Thanks!
I am a first time buyer and I recently made an offer on a new construction home. Because the home wasn’t built on time, I pulled out of escrow. My question is am I still considered a first time buyer? Would I still qualify for this program?
We just got preapproved and we are so excited. Thank you for the opportunity and information!!!
Awesome!
Very Interesting thank you for going over this as a real estate agent I need to know the options out there !
Trying to buy first home but with the current market is really hard. This program is a big help for whoever qualifies. Is there any program that helps anyone who is a first-time buyer without taking into consideration your parents owning a home? It would be nice if for the future they don't take that into account. Perhaps instead of using that rule they could just replace it with if your parents benefited from any similar program to purchase their home then you can't qualify for this. I think that would be fair. Nice video.
When does this Loan Program close? When is the deadline to register?
Currently the registration is scheduled to open sometime in Spring 2024. We're currently preapproving clients to review eligibility on the program. Thanks!
can independent contractors be considered for the loan?
Yes, self employed clients can be considered.
what immigration status qualifies
Please feel free to reach out to us at www.mortgageeducate.com and we can review eligibility.
We have plans to buy in 2025. When is good time to apply.
The upcoming release of Dream for All would be designed for clients looking to purchase this year as there will be a time frame to use the lottery voucher for purchasing in 2024. We'd encourage you to connect with us to help you build a homebuying plan to purchase in 2025.
If I decide to own the home for the entire 30 years and home is fully paid. Do I still have to pay the 20% dream loan? If so, how would it be paid?
Also I will qualify as a first generation home owner but my husband is a co-signer for his uncle for a home. Would we still qualify even if i dont currenlty work? My husband is the only one working.
Good Morning! Thanks for your message. If the Shared Appreciation Loan is held for 30 yrs then at the end of this time period the equity appreciation would be due along with the original 20% assistance. For the first generation requirement if your Husband cosigned for a property and has been on title for the last 7 years then unfortunately he would not qualify. However if you meet the first generation requirement and are included in the application with your Husband then that could be an option to meet the qualifying. Thanks!
@@jmatamortgage how is it due at the end of 30 years. In full?
I have a bad credit score. But my wife has a very good credit score. Can we jointly apply for this program. ? Or has to be one of us ??
I am a first time buyer and I recently made an offer on a new construction home. Because the home wasn’t built on time, I pulled out of escrow. My question is am I still considered a first time buyer? Would I still qualify for this program?
Yes, you would still be considered a first-time buyer since you did not complete the purchase of the new construction home.
"Promo sm"