CrossCountry Mortgage's Commitment to Homeownership
In today's challenging housing market, CrossCountry Mortgage (NASDAQ: CCM) has reaffirmed its dedication to making homeownership a reality for everyone, particularly first-time buyers. The company has increased its initial pledge from $10 million to over $15 million in down payment assistance, positively impacting more than 6,500 individuals.
Breaking Barriers for First-Time Homebuyers
"Everyone deserves to be a part of a neighborhood that provides a sense of belonging and security," stated Jayma Banks, Senior Vice President of Housing Initiatives. This sentiment captures the heart of CrossCountry Mortgage’s mission. With down payment hurdles being one of the most significant obstacles for potential homeowners, the company aims to create innovative solutions that help people establish roots in their desired communities.
Introducing Specialized Housing Initiatives
As part of its mission, CCM has assembled a specialized Housing Initiatives team. This group's focus is on discovering ways to broaden access to sustainable homeownership. Their efforts specifically aim to support first-time homebuyers, minority families, and communities that have been historically underrepresented in the housing market.
Down Payment Assistance Programs Offered by CCM
CCM provides a variety of down payment assistance programs tailored to meet different needs. Some of the notable options available include:
Freddie Mac BorrowSmart Access
This program offers up to $4,000 in down payment assistance, depending on the Area Median Income (AMI) and other qualifying criteria. It is available in select metropolitan areas across the country.
CCM Smart Start
Aimed specifically at first-time homebuyers, this initiative supports up to $5,250 in down payment assistance, easing the financial burden and making the home purchasing process smoother.
CCM Community Promise
Designed for individuals in qualifying neighborhoods, this program provides an impressive $6,500 in down payment assistance, further solidifying CCM's commitment to fostering homeownership among those in need.
Educational Resources for Homebuyers
Additionally, CrossCountry Mortgage features a digital platform offering educational resources to first-time buyers. This user-friendly system guides consumers through the home buying process step by step, featuring tools like a comprehensive mortgage calculator and access to local loan officers. Participants can also read personal stories from fellow homebuyers, drawing inspiration from shared experiences.
About CrossCountry Mortgage
CrossCountry Mortgage (CCM) is recognized as the leading distributed retail mortgage lender in the United States, boasting a workforce of over 7,000 employees and more than 700 branches. They provide loan servicing across all 50 states, D.C., and Puerto Rico. With a track record of earning spots on the Inc. 5000 list for ten consecutive years, CCM is proud of its thriving workplace culture. They offer more than 120 mortgage and refinancing solutions, including conventional, jumbo, FHA, and VA programs. As a direct lender approved by Freddie Mac, Fannie Mae, and Ginnie Mae, CCM is dedicated to ensuring that every customer feels victorious in their mortgage journey.
Frequently Asked Questions
What is CrossCountry Mortgage's recent initiative?
CrossCountry Mortgage has committed over $15 million to assist first-time homebuyers with down payments.
Who can benefit from this assistance?
The program is designed for first-time homebuyers, minority individuals, and those from underrepresented communities.
What kind of programs does CCM offer?
They provide several down payment assistance programs, including Freddie Mac BorrowSmart Access, CCM Smart Start, and CCM Community Promise.
How can buyers access educational resources?
CCM offers a digital platform with tools and resources for first-time buyers that guides them through the home buying process.
Can you share more about CrossCountry Mortgage?
CrossCountry Mortgage is a top lender with over 7,000 employees and offers various mortgage solutions and educational programs to support buyers.
