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Title: HouseAmerica Financial Launches USD 30,000 Down Payment Assistance Program

La Canada, California, United States, 3rd Jan 2025 - HouseAmerica Financial, a leading residential mortgage lender, has announced the launch of its $30,000 Down Payment Assistance (DPA) program. This initiative is designed to provide financial aid to first-time homebuyers, aiming to enhance accessibility to homeownership and address challenges associated with initial housing costs.The program is available in select counties across California and is compatible with FHA, Conventional, and HouseAmerica’s proprietary 100% Financing programs. Its structure is tailored to minimize financial barriers for buyers, offering straightforward support without requiring additional loan repayments.Addressing Financial Barriers to HomeownershipA significant obstacle for many first-time homebuyers is securing the funds needed for a down payment. This program helps bridge that gap by providing financial assistance that remains entirely separate from equity-sharing arrangements or repayment obligations.Bill Greene, Executive Director of HouseAmerica Financial, remarked, “The lack of sufficient down payment funds prevents many families from accessing homeownership. This program provides an accessible and straightforward solution to help buyers build stability and equity in their homes.”Key Features of the ProgramThe $30,000 Down Payment Assistance program offers several benefits to eligible buyers:Forgiveness Period: The financial assistance is structured to phase out after five years of homeownership.No Impact on Borrower Debt: Assistance does not increase the borrower’s debt-to-income ratio.Flexible Use: Compatible with FHA, Conventional, and HouseAmerica’s proprietary 100% Financing programs.Full Equity Retention: Homebuyers retain complete ownership equity in their property.Expanding Op...

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