As the market changes, CrossCountry Mortgage (CCM) is helping aspiring first-time homebuyers by offering financing solutions to get borrowers into their very first home. CCM offers a wide range of products that provide affordable mortgages with reduced down payments, closing cost assistance, or temporary rate relief.
“In today’s market, first-time homebuyers may feel like it’s an unattainable dream, but help is available,” said Jenn Stracensky, CCM Chief Operating Officer. “There are many reasons why investing in homeownership is a good idea including the variety of products to help overcome financial barriers. Go from renter to homeowner while building your wealth and keeping more of your savings.”
Financing options include:
- Down payment as low as 3% with Home Possible and HomeReady.
- Temporary Buydowns give borrowers a lower rate and lower monthly payments at the start of the loan. The seller provides the savings. There’s no cost for the buyer.
- Down Payment Assistance (DPAs) from national and state programs. These can be outright grants or low or zero-interest loans, forgivable over time or due when a house is sold. Depending on the program, borrowers can use the funds for a down payment and closing costs.
- Personalized home financing solutions.
Borrowers looking to take the first step toward homeownership can contact a CCM loan officer. With more than 600 branches and a presence in all 50 states, CCM is ready to support borrowers with education around the many available options.