The city of New Orleans has already recognized that getting over the hurdle of saving for the down payment was impeding many from becoming homes, now mortgage companies are are also recognizing this struggle potential homeowners are facing.
Movement Mortgage just launched a new mortgage program called Movement Assistance Program (MAP). The MAP program provides qualified homebuyers with a grant to assist with up to 3% of the sales price or appraised value (whichever is lower) to use as their down payment. The grant does not need to be repaid, and unlike the New Orleans Finance Authority program the grant does not come with the stipulation that you must maintain in the home for the next five years.
The MAP program also provides allowance for seller or other interested party to contribute up to 4% toward closing costs. This program is a custom, affordable lending conventional, fixed rate program.
To find out more information on the MAP program or other mortgage options available from Movement Mortgages please go to https://movement.com or reach out to Leslie O’Neal at either (949) 933-7055 or firstname.lastname@example.org.