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Andrew Quezada's Blog

By Andrew Quezada | Mortgage Broker
or Lender in Covina, CA

Up to 15K Federal Grant! New Mortgage Program!!


I'm excited to announce that my company, The Home Capital Group, Inc. has been approved to offer the WISH program!!

It is an FHA loan program geared for low to moderate income families that is sponored by the non-profit partner of the housing authority. The WISH program is an acronym for the Workforce Initiative Subsidy for Homeownership and provides matching grants at a 3:1 ratio to qualified first time homebuyers.

Two of the key program parameters include the fact that homeowners must retain the property for at least 5 years and must meet 80% or below the AMI (area median income) standard. Furthermore, prospective borrowers must complete a brief counseling program that is usually an online presentation course.

We are extremely excited to offer this program!! Grants can be up to $15,000 in 'free money' to help first time homebuyers get into quality housing. This, combined with today's record low interest rates, make it an awesome opportunity for homeownership.

With any questions, please feel free to call Andrew Quezada at 626.825.6565

Comments

By Brenda Feria,  Mon Nov 21 2011, 02:14
Good to know! I have been working with a Grant progam which contributes up to $7500, but have not heard of this one. Is the Home Capital Group, Inc. the only company doing these? I don't think that we have one here in VA.
 
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