Ever find yourself daydreaming about owning your own home but feeling stuck when it comes to saving up for that down payment? We want to introduce the CCM Community Promise program from CrossCountry Mortgage. It’s designed especially for first-time homebuyers like you, making the journey to homeownership a whole lot smoother.
What’s the CCM Community Promise?
The CCM Community Promise program means they offer you $6,500 in down payment assistance. It’s a good way of helping first-time homebuyers in certain neighborhoods here in Northeast Ohio make their homeownership dreams come true. We’re all about breaking down those financial barriers and empowering you to take that big step.
Eligibility and How to Apply
To grab that $6,500 in assistance, you just need to live in an eligible neighborhood when you apply for your home loan. The best part? While you’ve got to live here to qualify, you can choose a home anywhere in the U.S. Ready to kickstart your journey? Head to our website to find a loan office near you and get the ball rolling.
More eligibility information is available from your CrossCountry Mortgage loan officer.
What is a Down Payment Assistance (DPA) program?
Wondering how down payment assistance works? It’s like a helping hand to get you into your dream home faster. We’re talking about cash grants and secondary loans designed just for first-time buyers like you. It’s a shortcut to homeownership, letting you save upfront and maybe even get into a more awesome home with better loan terms.
The Pros and Cons
Is down payment assistance your perfect match? Let’s weigh the options:
Other Assistance Programs:
The most common assistance program is the FHA loans, managed by the Federal Housing Administration (FHA). They help buyers by insuring their loans, which allows lenders to offer lower down payments and closing costs. FHA loans can benefit first-time homebuyers, seniors, and mobile home buyers.
To be eligible for an FHA loan, your credit score doesn’t need to be high, but the home must fall within FHA loan limits based on its location. You will also need to qualify for a loan with an FHA-approved lender.
Bottom line
It’s time to take that leap into homeownership! Apply now for the CCM Community Promise program and snag $6,500 in down payment assistance. At The Young Team, we’re committed to helping you reach your homeownership goals and making the process smooth for first-time buyers.
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- Disclaimer: The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. CrossCountry Mortgage, LLC cannot predict where rates will be in the future. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s), and payment info are valid as of 12/14/2022 and assume a first lien position, 740 FICO score, and 25-day rate lock, based on a single-family home. All terms are subject to change without notice. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Contact CrossCountry Mortgage, LLC for more information. Available for conventional, FHA, VA, and USDA loans only. Equal Housing Opportunity. All loans are subject to underwriting approval. Certain restrictions apply.
- 2. Disclaimer: The information described was taken from the resource center of CrossCountry Mortgage LLC and Sean Hadley Personal NMLS265075 Branch NMLS1646021 Company NMLS3029
