Innovative Homeownership Initiative Launched by CBC Mortgage
Pioneering Initiative to Empower Future Homebuyers
In an exciting nationwide effort, CBC Mortgage Agency (CBCMA) and Guild Mortgage are coming together to launch a groundbreaking initiative aimed at expanding access to financing options and simplifying qualification requirements. This initiative kicks off with an engaging community event focused on helping individuals understand the pathways to homeownership.
The Future Homebuyer Initiative Explained
The Future Homebuyer Initiative represents a collaborative effort between CBCMA, a notable provider of down payment assistance (DPA), and Guild Mortgage, recognized as a leading independent mortgage lender. This initiative will roll out over ten events across various locations, each designed to enhance financial literacy, provide credit counseling, and cover essential homebuying basics.
Purpose and Goals of the Initiative
The primary objective of this initiative is to equip prospective homebuyers with the knowledge required to navigate their financial options effectively. It aims to educate participants about their local real estate markets while enhancing their understanding of budgeting and saving for a home.
Kickoff Event Details
The inaugural event will take place at the Brookland Banquet & Conference Center and will feature numerous educational opportunities. Attendees can expect sessions that address credit readiness, financial literacy, the significance of private mortgage insurance, and how DPA programs, like CBCMA's Chenoa Fund, can assist first-time buyers and low- to moderate-income consumers. Additionally, those who bring income documentation, bank statements, and a photo ID will have the unique opportunity to obtain on-site mortgage pre-qualifications.
Inspiring Quotes from Leadership
Miki Adams, President of CBC Mortgage Agency, expresses the importance of this initiative, stating, "Finding, purchasing, and financing a home for the first time can be overwhelming, particularly for those lacking access to traditional resources or family support. We aim to provide first-time homebuyers with the tools and information necessary to make empowered decisions and take meaningful steps towards homeownership."
Support and Guidance for Every Step
Nora Guerra, Senior Vice President of Guild Mortgage, reinforces this mission by adding, "Whether individuals are in the early stages of contemplating homeownership or are ready to take concrete steps forward, we are committed to providing support and guidance throughout the process.”
Community Engagement and Advocate Involvement
Expect significant interest from local community advocates, elected officials, and housing leaders at the Columbia event. These individuals are dedicated to expanding affordable housing opportunities within the region. The event's agenda will include presentations by financial educators, mortgage professionals, and HUD-approved housing counselors, ultimately fostering a space for audience interactions and networking.
How to Get Involved
For those interested in learning more about this initiative or registering for the Columbia event, comprehensive information will be made available through the official communication channels [Insert contact or further engagement info].
About CBC Mortgage Agency
Founded in 2013, CBC Mortgage Agency operates as a nationally chartered housing finance agency. It serves as a pivotal source of down payment assistance, aiming to help low- to moderate-income consumers—especially within minority communities—realize their homeownership dreams. Recognized for its contributions to the mortgage industry, this organization is based on the ideal of expanding accessible financial solutions.
About Guild Mortgage
Established in 1960, Guild Mortgage Company stands as a prominent figure in the mortgage sector, providing various residential loan products and exceptional service through localized in-house origination. With a robust team exceeding 4,000 employees and numerous branches, Guild Mortgage is dedicated to fostering inclusive practices and a personalized approach to home financing.
Media Contact Information
For inquiries about CBCMA, please reach out to Sam Garcia at Strategic Vantage Marketing & Public Relations. You can contact her office at 214.762.4457 or via email at samgarcia@strategicvantage.com.
Frequently Asked Questions
What is the Future Homebuyer Initiative?
The Future Homebuyer Initiative is a program designed to assist prospective homebuyers by providing valuable education on financial literacy, credit counseling, and homebuying basics.
When and where is the kickoff event for the initiative?
The kickoff event is scheduled to be held at the Brookland Banquet & Conference Center, featuring various educational sessions.
Who can benefit from this initiative?
This initiative targets first-time homebuyers, particularly those who may not have easy access to traditional home financing resources.
How does the initiative aim to help low-to-moderate income buyers?
By providing essential financial education and resources, along with on-site mortgage pre-qualifications, the initiative opens doors for low-to-moderate income individuals in achieving homeownership.
Who should I contact for more information?
For further details, you can reach out to CBC Mortgage Agency or visit their official website for updates.
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