In our white paper, Empowering Homeownership – Bridging the Gap for Diverse Communities, we talk about the challenges facing communities that have been historically discriminated against and what is being done to address them.
There have been many laws and regulations developed to help promote both fair housing and fair lending. However, there is still a long way to go to repair the damage that systemic discrimination has caused.
Redlining is a discriminatory practice that emerged in the early 20th century and has had a significant and lasting impact on the socioeconomics of the U.S.
Throughout history and across various cultures home sharing has taken on many different forms. Multigenerational living has often been the norm, with parents, grandparents, and children all living under the same roof well into the child’s adulthood.
Thinking about buying a home in The Natural State but don’t know where to begin? Read on to learn more about the benefits of buying a home in Arkansas, the programs and loans you can use to purchase your first home, and about how New American Funding can help you fund your dream.
How much a first-time homebuyer has to put down on a home depends on the loan type and their unique financial profile. For example, VA loans offer zero down payment, while the down payment on a Conventional loan can be anywhere between 3%-20%.
In addition to those changes, HUD has also addressed and removed some systemic barriers to homeownership allowing around a quarter of a million Black homebuyers to purchase a home in the last three years.
According to The Pew Research Center, single women-owned 58% of the nearly 35.2 million homes owned by unmarried Americans, while single men held 42%.
The minimum down payment a borrower may put down on a home in Arizona depends on the loan. The down payment can be as low as 0% (USDA and VA loans), 3% (Conventional loans), or 3.5% (FHA loans).
The minimum down payment a borrower may put down on a home in Louisiana depends on the loan. The down payment can be as low as 0% (USDA and VA loans), 3% (Conventional loans), or 3.5% (FHA loans).