Homeownership....Dream or Reality?

Homeownership...for years we have been told it is the American Dream. And for many people it may be in fact just that, a dream. 

If you are one of the many people in Central Indiana who struggle with credit issues or have good credit but are unable to secure down payment funds owning your own home could seem like just a dream.  Working to repair credit or save funds for a down payment could be such a daunting task that you choose to give up on the dream. 

Maybe you are one of the many who have concerns and fears about what all is involved in homeownership and wonder if it is really for you.

Let me tell you that help could be just a phone call away.

The Indianapolis Neighborhood Housing Partnership is a non-profit organization that empowers people in Indianapolis and Central Indiana to be able to realize this dream.  INHP offers a variety of programs designed to help individuals and families in the Indianapolis Metro area to become successful homeowners.

With serivces ranging from credit counseling and one-on-one advising to homebuyer & homeowner education courses to mortgage lending, INHP goals are to make buyers credit worthy, get buyers qualified to purchase and eliminate homebuyer fears.

According to advisors at INHP, the typical timeframe for clients to repair their credit is 10-12 months although some individuals may take a longer time period.  During this time, advisors will meet with the clients on a regular basis to help them develop a personal work plan to achieve their goals, support and guide the client in removing credit barriers and establish a savings plan.  When the client is credit worthy, INHP will make recommendations as to the various loan options that best fit the needs of the client depending on the client's specific set of circumstances.

The Indianapolis Neighborhood Housing Partnership works with a variety of programs such as Habitat for Humanity, the Intercultural Homeownership Preparation Program and Section 8 to Homeownership.  INHP also provides a variety of mortgage options such as their lender referral progam and their Partnership Loan Program which carries no PMI with a minimum 580 credit score requirement as well as a low down payment.

If you would like more information about how INHP can benefit you please contact me or visit their website.