Buying your first home is a huge milestone, but saving for the down payment can often feel like the biggest hurdle. That’s why Victor Velazco has partnered with CrossCountry Mortgage to offer a powerful opportunity for first-time homebuyers—$6,500 in down payment assistance through the CCM Community Promise Program. This initiative is designed to make homeownership more attainable for buyers, especially in qualifying areas.
What Is the CCM Community Promise Program?
The CCM Community Promise Program provides eligible first-time homebuyers with a $6,500 grant to cover down payment or closing costs. Unlike many programs, this one comes with no income restrictions, opening the doors for a wider range of buyers. To qualify:
- You must be a first-time homebuyer: If this is your first home purchase or you haven’t owned a home in the past three years, you’re eligible.
- Primary residence only: The home must be your primary residence, ensuring the program supports owner-occupied properties.
- No repayment required: The $6,500 is a grant, meaning you won’t need to repay the assistance, making homeownership much more affordable.
Who Can Benefit?
The CCM Community Promise Program is tailored for individuals or families who live in eligible census tracts across the U.S. Qualifying metro areas include Chicago, Miami, Dallas, New York, Philadelphia, and many others(CrossCountry Mortgage)(MPA Magazine). This broad availability helps expand access to homeownership for more buyers.
Why This Program Is Different
- No income limits: Unlike many other down payment assistance programs that have income caps, the CCM Community Promise allows a broader pool of buyers to benefit.
- Flexible use of funds: The grant can be used for both down payment and closing costs, giving buyers flexibility in covering the initial expenses of homeownership(CrossCountry Mortgage)(MPA Magazine).
- Available for a range of mortgage options: Whether you're considering a fixed-rate mortgage or an adjustable-rate mortgage (ARM), the program supports a variety of financing structures, giving you more options when it comes to choosing the best loan for your needs(CrossCountry Mortgage).
How to Qualify and Apply
Working with Victor Velazco and CrossCountry Mortgage ensures a smooth process from start to finish. Victor will guide you through checking eligibility for the program, navigating the necessary steps, and locking in your grant. Here's how you can get started:
- Contact Victor Velazco: He’ll help determine if you qualify based on your location and other key factors.
- Complete the homebuying education requirement: If all borrowers are first-time homebuyers, you may need to complete an education course, but this step ensures you’re well-prepared for homeownership.
- Close on your new home: With the assistance grant covering part of your costs, you’ll have less financial burden upfront and can focus on enjoying your new property(CrossCountry Mortgage)(MPA Magazine).
Why Partner with Victor Velazco and CrossCountry Mortgage?
With CrossCountry Mortgage’s extensive network and vast mortgage solutions, working with a professional like Victor gives you access to an experienced loan officer who can make the mortgage process easier and more personalized. CrossCountry Mortgage offers more than 120 home loan options, ranging from conventional and jumbo loans to government-backed mortgages, ensuring that there’s a financing solution for nearly every situation(MPA Magazine)(CrossCountry Mortgage).
Ready to Make Homeownership a Reality?
If you’re ready to buy your first home and want to take advantage of the $6,500 down payment assistance, reach out to Victor Velazco today. His partnership with CrossCountry Mortgage is the key to unlocking a brighter future for you and your family.
Don’t let down payment worries hold you back from owning your first home. With $6,500 in assistance, your dream home could be closer than you think.
