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Q: |
Who
can use the HOME Grant program to purchase a home? |
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A: |
Any Buyer who
qualifies for any financing program that allows grant funds from a
nonprofit organization can use this program. |
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Q: |
Can
funds from the program be used to purchase town-homes, condos, etc.? |
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A: |
Yes. Funds
from the
MISSION BRANCH-HOME Grant program
can be used to purchase any of these properties. |
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Q: |
Are
there income limitations or asset restrictions for potential
homeowners? |
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A: |
No. If the
Buyer has approval for a loan, he or she can use the HOME
Grant program funds. |
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Q: |
Does the Seller of the property need to sign any special addendums or
agreements? |
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A: |
When the
Buyer and Seller agree to a contract, the Seller signs a Seller Letter.
This document states the Seller agrees to contribute a portion of the
proceeds from the sale of their home to a nonprofit --
MISSION BRANCH--HOME
Grant.
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Q: |
Why would I use
HOME
Grant
versus similar programs? |
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A: |
Our level of
quality and service is unsurpassed and we can adapt quickly to an ever
changing demand. We have never caused a closing to be delayed and we
can even process same day requests! Our fees are competitive and we
can work with investors! |
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Q: |
How
long does it take to get the funds? |
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A: |
While we prefer requests
to be entered at least two business days prior to the Closing date,
HOME
Grant can handle same day requests. |
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Q: |
Who
can I call with questions? |
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A: |
Contact us
with any questions you may have. |
