CONCORD, CA, [SEPTEMBER 18, 2017] CONCORD, CA. – Today, Land Home Financial Services, Inc. (Land Home) teamed up with the City of Oakland to offer The Mortgage Assistance Program (MAP), the city’s newest community loan program assisting low and moderate-income first-time homebuyers with the purchase of homes in the City of Oakland.
“Making homeownership more affordable to qualified buyers is the key to developing strong, prosperous communities. Being headquartered in the Bay Area makes this program very special to us at Land Home,” Land Home’s President/CEO Brad Waite said.
MAP provides direct assistance with the downpayment requirement on first mortgages, bridging the gap between household affordability and the purchase price of the desired property. To be eligible for MAP:
Applicant and their spouse must be a first-time homebuyer
Annual household income cannot exceed 120% of the Area Median Income (AMI)
Must live, work, or go to school in the City of Oakland
Subject property must be in the City of Oakland
Applicant must contribute at least 3% of the purchase price towards the downpayment or closing costs
Land Home, a community-based lender, works to build and support vibrant communities nationwide with various state-specific community-based lending programs and customer prescribed fiscal donations through their Fund It Forward
To apply for MAP please call 844.543.7411 and ask to speak with a MAP certified Land Home mortgage specialist.
Restrictions do apply. This is not a commitment to lend. Please contact your local Land Home mortgage specialist for more information.
Land Home Financial Services, Inc. (Land Home) is a privately owned, nationwide, community-focused mortgage lender providing quality mortgage services since 1988. Committed to delivering a superior mortgage experience to its customer, Land Home has embraced a relationship-centric lending model with over 80 branch office locations across the nation. Headquartered in Concord, CA, Land Home has been recognized both nationally and locally as the company continues its expansion into local communities throughout the U.S.
For more information visit LHFS.com, call 800-672-9470 or follow @LHF_Loans.