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Realty launches affordable homeownership boost program!

This innovative program offers a unique opportunity for homebuyers to enter the market with minimal upfront costs.

What is the Boost Program? The Boost Program is a unique financing solution designed to help homebuyers overcome the traditional barriers to homeownership. By providing up to 100% financing for the down payment, the program allows buyers to enter the market with minimal upfront costs.

Down payment of at least 3.5% of the purchase price. Income limits apply to certain areas.

Eligibility Requirements for Homebuyers

The Boost Program is designed to provide a more inclusive and equitable homebuying experience for low-to-moderate-income homebuyers. The program aims to address the historical disparities in homeownership rates between different socioeconomic groups. By offering more flexible eligibility requirements, the Boost Program seeks to bridge the gap between those who can afford to buy a home and those who cannot.

Eligibility Requirements for Homebuyers

  • Minimum Credit Score: A minimum credit score of 580 is required to participate in the Boost Program. This is a relatively low threshold compared to other mortgage programs, making it more accessible to borrowers with lower credit scores. Down Payment: Homebuyers must make a down payment of at least 5% of the purchase price. This is a lower down payment requirement compared to other mortgage programs, making it easier for borrowers to qualify for a loan.

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