Housing Grants Available For Victorville California Real Estate
Released on = June 14, 2007, 2:22 pm
Press Release Author = Camelot Marketing
Industry = Real Estate
Press Release Summary = Housing grants available to first time home buyers for Victorville CA real estate through Mortgage Assistance Program. Program could allow apartment renters become home owners.
Press Release Body = "Low income families and those looking for Victorville California apartment rentals tend to believe that home ownership is a distant dream and therefore they do not pursue the opportunities available to them," states Greg Rowney, Downpayment Assistance Specialist with T.N.T. Lending Inc.
T.N.T. Lending Inc. based in Rancho Cucamonga California, offers a full range of mortgage services including first time home buyer programs offering downpayment assistance and home down payment grants.
"Many are unaware that the Government has programs specifically designed to help first time home buyers acquire Victorville CA real estate which in turn stimulates the overall economy."
"One of the biggest hurdles for low income families and renters is the downpayment. As they don't have the downpayment they think that they do not qualify for a home loan. This leaves them resigned to renting sometimes forever."
"The City of Victorville home down payment grant program eliminates the down payment obstacle by offering the home downpayment grant allowing low income families and renters to purchase Victorville CA real estate," continues Rowney.
The Victorville CA real estate Mortgage Assistance Program (MAP) makes available a limited number of deferred payment (principal and Interest) second mortgages, in amounts of up to $45,000.00.
This program is specifically designed to provide qualified families with assistance necessary to secure financing towards the purchase of a single-family detached home in the City of Victorville and to extend to those families an easier means to experience the pride of homeownership. Designed for first time home buyers, but applicants that have not owned a home in the past three years many qualify for the home down payment grant program.
All MAP Applications are submitted to the Redevelopment Agency through a Participating City of Victorville MAP Approved Lender such as T.N.T. Lending Inc.
Linda Jones, Marketing Manager, for John\'s Incredible Pizza adds "I think the MAP in Victorville is a great idea since the price of housing has gone up. The program means less Victorville apartment rentals and it helps people get into a home. This promotes pride of ownership with property appreciation going back to the homeowner."
Rowney concludes, "We are continually hearing from low income families that are simply frustrated with paying rent for years and feel that they just putting money in other people's pocket. They are simply amazed to hear about these programs that are designed for first time home buyers become owners of Victorville CA real estate."
If you are looking for Victorville CA real estate and would like to know if you qualify for a home down payment housing grant please call 866 398 4664 or go to http://www.goldmedalmortgage.com/Downpayment_Assistance
Web Site = http://www.goldmedalmortgage.com/Downpayment_Assistance