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Federal Home Loan Bank of Dallas Launches $35 Million Loan Fund to Support Affordable Housing and Economic Development Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

Federal Home Loan Bank of Atlanta Commits More Than $40 Million for Homeownership Grants Contact me to discuss the latest scoop in real estate! #georgia #georgiarealtor #georgiarealestate #geogiahomes #georgiarentals #georgiahousing #georgiatoprealtor #georgiatoprealestateagent #georgialistings #georgiabrokerage

As housing costs continue to soar, many parents are considering cosigning mortgages to help their children become homeowners. #MortgageCosigning #ParentalSupport #HomeownershipGoals https://ow.ly/nT5t50RUfr9

1. Tennessee Housing Development Agency (THDA) Great Choice Home Loan Program - The THDA offers the Great Choice Home Loan program for first-time home buyers, which includes down payment assistance. - This comes in the form of a second mortgage loan worth up to 5% of the home's purchase price. - The program requires completion of a homebuyer education course. 2. Homeownership for the Brave - This THDA program offers reduced interest rates on Great Choice Home Loans for military members, veterans, and their spouses. - Additional down payment assistance is available. - The program is also available to reservists and active duty service members. 3. Hardest Hit Fund (HHF) Down Payment Assistance - Available in certain zip codes within Tennessee, the HHF offers down payment assistance for qualified buyers. - It provides up to $15,000 in assistance and serves to rejuvenate neighborhoods affected by the economic downturn. 4. Mortgage Interest Tax Credit - Mortgage Credit Certificate (MCC) - First-time home buyers in Tennessee may also be eligible for a Mortgage Credit Certificate, which allows them to claim a tax credit for a portion of the mortgage interest paid per year. - This can provide substantial savings over the life of the loan. 5. Local Community Grants and Assistance Programs - Cities such as Nashville, Murfreesboro, Franklin, and Brentwood may have their own local grants and financial assistance programs for first-time home buyers. - These are often funded by local housing initiatives and may offer additional funds or matched savings programs for those looking to purchase their first home. 6. Nonprofit and Federal Programs - Programs such as those offered by Habitat for Humanity can assist low-income first-time buyers in constructing and purchasing their own homes. - Additionally, USDA loans, available in certain rural areas, and VA loans for veterans can provide avenues to homeownership with no down payment requirements. Reach out to Team George Weeks real estate to learn more about these grants and to determine eligibility. Team George Weeks Real Estate 401 W. Main St Murfreesboro, TN 37130 ☎️ 615.948.4098 #realestate #nashville #tennesseehomes #realtor #realestatetennessee #realestate #incentives #grantsandloans

Federal Home Loan Bank of Atlanta Announces $8 Million Multifamily Housing Bridge Fund Contact me to discuss the latest scoop in real estate! #georgiarealestateagent #georgiarealtor #georgiarealestate #geogiahomes #georgiarentals #georgiahousing #georgiatoprealtor #georgiatoprealestateagent #georgialistings #georgiabrokerage

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In the second quarter of 2024, the Federal Home Loan Banks (FHLBanks) reported strong financial results and support for housing finance with increased mortgage purchases, advances, pledged single-family mortgage collateral, and Affordable Housing Program (AHP) assessments. The FHLBanks have committed a record $1 billion in affordable housing and community development grants for 2024 and AHP assessments in the first half of 2024 (funds that will be available in 2025) have already surpassed total assessments for the full year of 2022. For more on the results, see https://lnkd.in/ep9KkcAE

What is a Community Land Trust? A Community Land Trust (CLT) is a nonprofit, community-based organization that provides affordable homeownership opportunities by allowing homebuyers to purchase a home at a lower price than other houses on the market. CLTs are generally based in local nonprofits but can also have governmental participation. Through a CLT, homebuyers lease a land parcel with a house on the leased land, or they subsequently purchase a home that was already built and sell the leasehold interest to an income-qualified buyer. It is a way to reduce the amount of upfront capital needed for income-qualified buyers to obtain a loan for purchase of a residential property by leasing the land over a long term rather than having the land costs included in the mortgage. The advantage is in submarket lease rates, since market lease rates for land would not be significantly lower than buying the land and incorporating that cost into the mortgage payment. At CJP Appraisal Services, LLC, we have the skillset to complete CLT appraisal assignments. Chris Posey, SRA CJP Appraisal Services, LLC https://lnkd.in/ggPhHg5F

Home Improvement Loans & Grants California, Overview and How to Apply By: Amelia Gallop   Home improvement loans and grants are crucial because they provide financial assistance to individuals who want to improve their homes but lack the necessary funds. These loans and grants help homeowners make essential repairs, renovations, or upgrades, ensuring that living conditions are safe, comfortable, and energy-efficient. Additionally, they can increase property value and contribute to neighborhood revitalization. Overall, home improvement loans and grants play a vital role in supporting homeowners, promoting affordable housing, and enhancing the overall quality of living.   Read more – https://lnkd.in/gSXhUJ8T