THE H.O.M.E. ACT
Home Ownership Made Easier Act
A real solution to make homeownership a reality for America’s generation
- Affordable Monthly Payments
- Works with FHA, VA & Conventional Loans
- Government Partnership
- Repayable from Future Home Equity
THE AMERICAN DREAM OF HOMEOWNERSHIP IS SLIPPING AWAY.
The typical first-time homebuyers is now 40 years old. The average new home costs over $400, 000. Young, working American haven’t stopped wanting homes — they’ve been priced out theme
Today's Reality
A $400, 000 Home at Today’s Rates
Mortgage (7.3% on $360, 000)
$2, 465
Property Taxes
$375
Homeowners Insurance
$160
Mortgage Insurance
$150
Total Monthly Housing Payment
$3,150
WITH THE H.O.M.E. ACT
Same Home – An Affordable Payment
Homeowner Pays
$1,500
Government Assistance
$1,500
Total Monthly Housing Payment
$1,500
IT’S A PARTNERSHIP,
NOT A FREE HOUSE
- You make an affordable monthly payment
- The government advances the difference
- Assistance is secured by a subordinate lien on the property
- As your income grows, government assistance can be decline.
- As your income grows, government assistance can be decline.
Works with FHA, VA & Conventional Loans
Use existing mortgage programs.
For Qualified First-Time Buyers
Primary residence only
Affordable Monthly Payments
Helps bridge the gap between today’s costs and what families can afford
A Fair System
Government can be repaid from future home equity.
Stronger America
More homeowners.
Stronger families.
Stronger communities
A Stronger America Begins With Homeowners
Let’s give the next generation a fair chance.