SOUTH JORDAN, Utah–(BUSINESS WIRE)–Nov. 15, 2022–
Arrive Home, a national down payment assistance facilitator offering emerging credit solutions for responsible borrowers in underserved communities, today announced its national launch.
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Tai Christensen, Head of Diversity and Public Relations at Arrive Home. (Photo: BusinessWire)
The social enterprise aims to increase homeownership across the country, specifically focusing on minority homeownership by working with government entities, mortgage lenders and non-profit groups to offer innovative and diversified mortgage products.
To achieve this goal, Arrive Home offers both a Down Payment Assistance (PAD) Program and an Earned Equity Program that allow correspondent lenders to confidently lend to responsible borrowers who qualify under FHA guidelines.
Arrive Home’s DPA product is paired with an FHA-insured first mortgage and allows borrowers access to a down payment ranging from 3.5% to 5% of the purchase price or appraised value of the home. Importantly, Arrive Home leverages state-of-the-art technology so lenders can fully integrate the company’s products into their loan origination systems, giving them flexibility and control of the loan through to completion. fencing.
“Through strong leadership and compelling innovation, Arrive Home is empowering matched lenders with tools such as Down Payment Assistance or our Earned Equity Program to better serve minority communities without leaving their LOS,” said Matt Pettit, president and co-founder of Arrive Home. “Using state-of-the-art technology, we have streamlined our application and submission process to ensure ease of use for our corresponding lenders. With just a few simple steps during the application process and one click to submit a loan, the Using any Arrive Home product really is as easy as 1-2-3.
Tai Christensen, diversity and public relations manager at Arrive Home, said that by partnering with Arrive Home, lenders can be sure they are helping borrowers find suitable products that will pave the way for a home. responsible and sustainable.
“Arrive Home seeks to provide down payment assistance and non-traditional credit solutions to aspiring homeowners. In some cases,” said Christensen, “these borrowers have demonstrated the ability to pay through timely lease payments, but they don’t fit the traditional credit box and are therefore unable to use most options. mortgages available in the market.
“Much of our nation’s minorities are currently excluded from the housing market due to an appalling lack of loan products designed to meet their unique credit circumstances,” Christensen added. “We are stepping in to help these consumers overcome the biggest hurdle they face on the path to homeownership by providing them with a responsible source of financing. We are committed to helping underserved minorities and creating generational change, one household at a time.
About Coming Home
Arrive Home is a national down payment assistance facilitator and mortgage innovator that provides alternative lending solutions to all responsible borrowers, especially those in underserved communities. As a social enterprise, Arrive Home is dedicated to increasing minority home ownership by working with government entities, mortgage lenders and non-profit groups to deliver innovative and diverse mortgage products designed to enable correspondent lenders to confidently lend to reliable borrowers who qualify under FHA guidelines. . In doing so, Arrive Home aims to break down barriers to homeownership in minority communities, effecting generational change, one home at a time.
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CONTACT: Press contact
KEYWORD: UTAH UNITED STATES NORTH AMERICA
SECTOR KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & RESIDENTIAL REAL ESTATE BUILDING & REAL ESTATE FINANCE CONSTRUCTION & REAL ESTATE BANKING FINANCING FOR INDIVIDUALS
SOURCE: Arrival at home
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PUBLISHED: 15/11/2022 08:00 / DISK: 15/11/2022 08:02