CrossCountry Mortgage Provides Down Payment Support to Help First-Time Homebuyers

Date:

CrossCountry Mortgage (CCM) announced that it is assisting aspiring first-time homebuyers with down payment assistance in previously neglected neighborhoods.

CCM is pleased to introduce Freddie Mac BorrowSmart AccessSM. Borrowers can get up to $3,000 in down payment and/or closing cost assistance under the program.

BorrowSmart Access is available to qualified first-time homebuyers in the following metros: Atlanta-Sandy Springs-Alpharetta, GA; Chicago-Naperville-Elgin, IL-IN-WI; Detroit-Warren-Dearborn, MI; El Paso, TX; Houston-The Woodlands-Sugar Land, TX; McAllen-Edinburg-Mission, TX; Memphis, TN-MS-AR; Miami-Fort Lauderdale-Pompano Beach, FL; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD and St. Louis, MO-IL.

“In today’s competitive market, first-time homebuyers face many obstacles including trying to save for a down payment,” said Jenn Stracensky, Chief Operating Officer at CCM. “BorrowSmart Access supports our mission of making every mortgage feel like a win by giving homebuyers extra purchasing power and putting homeownership within reach especially in underrepresented communities.”

BorrowSmart Prerequisites for Access:

A minimum of one borrower must be a first-time home buyer.
1-2 unit primary residences only.
Borrowers must earn no more than 140% of the region median income (AMI).
Homebuyer counseling required.
The property must be in a qualified location and must meet all other Freddie Mac Guide standards.

BorrowSmart Access is one of the most recent offerings that demonstrate CCM’s dedication to getting borrowers into their first home. CCM Community Promise, which debuted in November, provides qualified borrowers in Chicago, Philadelphia, and Detroit with a $6,500 grant that can be utilized toward down payment and/or closing cost assistance.

CCM, with over 600 branches and a presence in all 50 states, is ready to educate borrowers on the many available solutions. Contact a CCM loan officer to determine your eligibility and how much down payment or closing cost money you can receive.


Amazing Builder Partners



Owen Everett
Owen Everett
Owen is one of our main correspondents based out of New York.

Popular

Share post:

More like this
Related

Consumers’ Confidence Stalled Despite Concerns about the Future

This pessimism was mostly caused by ongoing inflation, particularly...

The MITER Foundation raises over $4M for charity

In late September and early October, the MITER Foundation,...

Northern Tool + Equipment opens new store in Bossier City

Northern Tool + Equipment announced the opening of a...

Builders’ General Supply Company’s Jimmy Porcelli retires after 45 years

After 45 years of service, James "Jimmy" Porcelli retired...

NAR: Existing home sales increased in January 2024

Following a cycle low in December, existing house sales...

Rental Focus in Multifamily Development Shows Slight Decline

According to NAHB's study of quarterly Census data, the...

Hillhouse Condos Announces the Pre-sale of Luxury Units on Lake Tuscaloosa, with a July 2024 Completion Date

Hillhouse Condos is excited to announce the pre-sale of...

Existing Home Sales Plunge to 13-Year Low as Mortgage Rates Surge

According to the National Association of Realtors, existing home...

Beacon Opens New Location in West Bend, Wisconsin

Beacon has launched a new branch in West Bend,...

Missing Middle Construction Stalled Since Great Recession

The missing middle construction sector comprises the development of...

Beacon adds two more locations in Texas

Beacon has expanded its operations across Texas to 32...

Inflation Remains High as Housing Costs Continue to Rise

Despite a slowing in year-over-year growth, shelter costs continue...

Sherwin-Williams Introduces Anthology for Colormix Forecast 2024

Sherwin-Williams has launched a new biannual approach to the...

Thermal Tech, Inc. Acquired by ABC Supply

Thermal Tech, Inc., a siding distribution company in Kalispell,...

Lugbill Supply Center celebrates grand reopening event

On September 23, Lugbill Supply Center in Archbold, Ohio,...

RoyOMartin invests $9.5M to modernize manufacturing facility in Louisiana

Martco, LLC, the parent company of RoyOMartin, a third-generation,...