Lender Panel Discussion – Follow Up
This event was held at The Greater Kalamazoo Association of Realtors on May 21st, 2015
Moderator: Jeremy Drobeck, Amerifirst Home Mortgage
Panelists:
- John Denny, Northpointe Bank
- Scott Cowherd, Kalamazoo Mortgage
- Steven Woloszyk, PrimeLending, A PlainsCapital Company
Attendees learned about underwriting concerns, tools & tips for credit integrated disclosures coming Aug. 1st, red flag items, and much more.
Coordinated by the GKAR Education Committee
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The Family Opportunity Mortgage
Unlocking Homeownership: Supporting Loved Ones with the Family Opportunity Mortgage Program
For many, the dream of homeownership remains a significant milestone. But what if you could help a close family member achieve that dream, even if they face financial hurdles? The Family Opportunity Mortgage Program, often referred to as the Family Assist Program, is a specialized mortgage solution designed to do just that – empower families to support loved ones in purchasing a home.
What is the Family Opportunity Mortgage Program?
This unique program was created to address a common challenge: families who want to assist elderly parents, adult children with disabilities, or other qualifying relatives in buying a home, but where the assisting family member might not be able to occupy the home themselves, or where the assisted family member faces challenges meeting traditional mortgage qualifications alone. It essentially allows family members to secure financing for a loved one’s primary residence, often with more favorable terms than a standard investment property loan.