Affordable Housing Programs
For many Americans, owning their own home seems like an impossible
dream. The economy is suffering, job rates are down –
most people are just trying to get by, which means the cost
to own a home is not something that people in this situation
can incur. At National City, we believe that everyone should
have the opportunity to get what they want in terms of owning
a home. That is why we have developed a variety of housing
programs that are easier to afford.
With down payments and monthly costs at astoundingly low
rates, the programs require qualification procedures. To qualify
for these programs you must meet the requirements set forth
by National City Corporation for our affordable housing programs.
For the person buying their first home, National City offers
a range of loans for low income participants. With the assistance
of Freddie Mac of Fannie Mae organizations, we assist first-time
buyers with the navigation of the home buying process.
Despite the fact that you have good credit, many loan companies
won’t provide you with services unless you meet various
criteria. As long as you meet the good credit and requirements
set forth by the loan, these loans will help you get the home
of which you have always dreamed.
Another housing program we offer is the Bond Program to receive
housing benefits. Found at the local to state levels, these
programs offer low financing rates for initial owner. With
the proper requirements, these programs can assist you win
purchasing your first home. This system is offered in 31 states
in the US.
Next is the Mortgage Credit Certificate which offers tax
credits to new buyers. The credit is directly proportional
to the mortgage interest. The final housing program we offer
is the rural development program. Available in every state
across the county, rural homebuyers must meet certain criteria
to be eligible for this program.