Helping families and new buyers BY ARRANGING CLOSING COSTS AND GIFTING DOWN PAYMENT
- 70 percent of Americans age 40 and over were affected by the 2008 crisis..NY Times
- 4.4 million completed foreclosures since the financial crisis began
- 1st time buyers struggle to get the down payment & closing costs
- Suicides directly related to foreclosure have been on the rise
- Families affected by the crisis and first time buyers have lost hope of home ownership even with good jobs and ficas over 600 due to the barrier lf down payment and closing costs.
Help Americans Inc. is committed to restoring the American Dream of Homeownership.
Help Americans Inc. has a established a program that eliminates the misery and heartache so many Americans are going through since the crisis.
Our program begins by properly educating the families. They must take our financial literacy program and pass with a 100%. Once completed they must take the FHA approved 1st time home buyer program. We believe Education is the key to financial responsibility and want our Families to be prepared for the rest of their lives.
- DOWN PAYMENT ASSISTANCE
- FHA requires a down payment of 3.5% of the purchase price.
- Closing Costs average 3%
- The average home price for our program is $250,000 in South Florida.
- These amounts add up
- down payment required is $8,750
- closing costs average 7,500
- Total needed 16,250 to get into a home!
Help Americans Inc., will gift the down the down payment for the families graduating our financial literacy program where legal arrangements can be made. This program is funded by donations to our cause. Together we can help restore the American Dream that so many Americans lost Home ownership. Every American deserves this opportunity.
In addition we have setup relationships with title companies, mortgage brokers, Real Estate Agent, and Insurance companies where through a 1/2 point on the interest rate we can eliminate 80% of the closing costs leaving the recipient with a very low entry to home owership that is roughly equal to 1 month of the rent they are paying now….
AND BRINGING THE DREAM TO REALITY!
The arrangements are made and in place. We a re raising these funds for both down payment escrow that will rotate with each seller donation, and to make the potential recipients aware of the fantastic opportunity moving our cause into the American hands that need it.