Program Participant

Money For Your New Home in One Hour

The Neighborhood Gold Down-payment Assistance Program helps families purchase a home in the neighborhood of their choice with no money down. Neighborhood Gold works with The Buyers Fund, Inc., a non-profit organization, to provide prospective homeowners with gift money to cover down-payment requirements and closing costs. To receive a grant, a buyer should work with a lender to obtain a mortgage that allows for down-payments to be made in the form of a charitable gift. If a buyer is approved for a loan, he or she can receive Neighborhood Gold gift funds, regardless of income level. The mortgage professional fills out the grant application, and will receive a gift letter from the fund within ONE HOUR. Neighborhood Gold has local representatives who can offer assistance in the application process and answer any questions before, during and after the home-buying process. As part of the grant, Neighborhood Gold offers a Mortgage Payment Protection Plan, which covers up to six months of payments and may make it easier for a program participant to obtain mortgage financing for the applicant’s home of choice. Like most down-payment assistance programs, the seller must agree to pay to Neighborhood Gold a service fee equal to the grant amount plus a percentage rate of home price determined by location. For more information contact:

Visit: www.neighborhoodgold.com

$25,000 Loan Repayment Assistance from Washington

The Washington State Bar Association has approved an LRAP that will be administered through the Washington State Bar Foundation. The program will likely begin taking applications from its first round of participants in 2005. Loan repayment assistance will be $5,000/year per program participant for a maximum of 5 consecutive years. Contact Paula Littlewood, Deputy Director of the Washington State Bar Association, 2101 Fourth Avenue, Suite 400, Seattle, WA 98121-2330; 206-443-9722, 800-945-9722; Continue reading