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Phone #'s
CUSTOMER SERVICE
866-795-0161
TOLL FREE FAX
877-707-4438 |
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Why buy a home now? Why not wait? |
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Interest rates on home loans have never been lower. |
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How does owning a home save me money? |
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With tax benefits for homeowners, the savings can be significant. Over 95% of your mortgage payments are tax deductible. See your tax provider for specifics. |
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So just how much money could I save? |
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If you are paying $1,000/month in rent, you could save thousands of dollars by putting that same amount into a monthly mortgage. Also, typical property appreciation rates can add up to an additional thousands of dollars over the same period. |
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How do I know if my home loan is eligible? |
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If you qualify for any FHA approved home loan, you are eligible for an Alliance Housing Foundation gift. |
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Do I make too much money to qualify for this gift or not enough? |
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There are no income limits to qualify. |
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What kind of home can I buy? |
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Gifts can be used toward any type of housing – a new home, resale home, duplex, condo, townhouse, etc. |
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How difficult is the application process? |
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It is as easy as a one page request form. Your professional Realtor or mortgage lender can lead you through the process. |
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Do I need to take a home ownership class? |
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No. However, we strongly recommend you take an eight hour class have a much better chance of not getting into financial trouble. |
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Reduce the Odds of Default
Want to reduce the chances of defaulting on a home loan? Alliance encourages every new homeowner to take a "First-Time Homebuyer" Class. Because of our commitment to homeowner education, the default rate on Alliance Housing Foundation loans is only 2%... that's less than half of the national average. Of those few defaults, 80% have been resolved through counseling , and three-fourths of those homeowners are able to stay in thie new homes.
To find a class near you, ask your Housing Professional
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| © Copyright 2004. Alliance Housing
Foundation Down Payment Assitance Program. All Rights Reserved. |
