Categories: Uncategorized

Hometown Heroes Program Update: Funds Depleted—Alternative Home Financing Options Available!

We wanted to provide you with an important update regarding the Hometown Heroes Program. Unfortunately, this program has run out of funds. While there is a possibility that some funds may return to the program as deals that were previously earmarked fall through, there are no guarantees on when—or if—these funds will become available again.

But don’t worry! There are still several fantastic options available for those looking to purchase a home. Programs like the 100% FHA Program and the 0% Down Purchase Program remain excellent alternatives for eligible borrowers. Additionally, there is a program that offers a 3% down payment assistance loan of up to $15,000. The best part? The second lien associated with this loan has no monthly payment requirements and no interest. It is due only as a balloon payment upon refinancing the first lien, paying off the mortgage, or making the final payment on the first lien’s amortization schedule.

These options provide great flexibility and can help you move forward with your home purchase without a significant upfront payment.

At VMA Lending LLC, we are dedicated to helping you find the right financing solution that fits your unique needs. While the future of the Hometown Heroes Program remains uncertain, we are here to guide you through other available options.

Feel free to contact us today to learn more about these programs and see which one might be the best fit for your homeownership goals!

We are here to help you every step of the way!

Questions? We’ll Put You
On A Right Path!

Buying or refinancing can be a daunting task, let us give you the options that best benefit your needs.


Make an Appointment

+786 622 2224

vmalendingcom
vmalendingcom

Recent Posts

ITIN Mortgage Loan: Home Financing for Borrowers Without a Social Security Number

The ITIN mortgage loan is a powerful financing option for individuals living and working in…

2 weeks ago

Asset Qualifier Mortgage: Buy or Refinance Using Your Assets Only

The Asset Qualifier loan program is a groundbreaking solution for borrowers who don’t meet traditional…

2 weeks ago

🏠 Foreign National DSCR Mortgage: The Easiest Way for International Buyers to Invest in U.S. Real Estate

Are you a foreign national looking to invest in U.S. real estate? With the Foreign…

2 weeks ago

Unlock Home Equity Without Refinancing: The Stand-Alone Second Mortgage for Self-Employed Borrowers & Investors

What Is a Stand-Alone Second Mortgage? A Stand-Alone Second Mortgage is a powerful loan option…

2 weeks ago

How DSCR Mortgages Make Financing Investment Properties Easier Than Ever

If you're an investor looking to grow your real estate portfolio without the hassle of…

2 weeks ago

Unlocking Home Equity with a Bank Statement HELOC: A Flexible Solution for the Self-Employed

If you're self-employed or a small business owner, qualifying for traditional home loans can be…

2 weeks ago