Home Ownership is closer than you think
Our down payment assistance programs can help you qualify for a home loan by solving for one of the largest hurdles in the homebuying process - the down payment.
Talk to your mortgage professional today, or give us a call to be connected with a local approved lender.
Making Home Ownership a Reality
Many buyers assume a 20% down payment is required, but that’s not always true. Today, some programs allow qualified buyers to purchase a home with as little as 3.5% down. Buying a home doesn’t have to mean waiting years to save 20% down — making the path to owning a home more accessible than ever.
Buying a house can be a stressful and scary choice, especially for those who have come from a background where home ownership isn’t necessarily the norm. For generations, minorities and underrepresented communities have struggled to buy or keep their own homes. Be it from having a job outside of the standard credit mold, feeling like buying a home isn’t a real possibility, or simply not having the knowledge or access to purchase a home, the hurdles these communities face have prevented them from the freedom and stability they deserve.
Arrive Home's programs helps qualified home buyers purchase their homes by facilitating down payment assistance and other programs through a Government Entity. Developed for non-traditional borrowers, our programs are designed to help families create generational wealth through homeownership. We serve all families but especially desire to support homeownership to traditionally underserved populations. The rich cultural heritage found in the Latino, African American, Native American, and Asian populations enhance the American Dream! With colorful tapestries of culture, family, and food we want to welcome families of every demographic into the reality of owning your own home.
Down Payment Programs
Many of the people we serve have proven their ability to pay their monthly mortgage through a strong rental history and they have the means to purchase a home. The problem is having a down payment.
Though there are traditional avenues a home buyer can choose to get access to down payment assistance, many of them are time-consuming and confusing. With the Arrive Home Down Payment Program, we've eliminated the long wait and the confusion by creating a system that makes it easy for your lender to request assistance, get a decision, and receive the funds all in one place. You can turn a months-long wait into as little as two hours and buy the home of your dreams today.
Don't Lose The Home of Your Dreams
The housing market can feel incredibly unstable and housing prices are still on the rise. If you don’t go for a house now, with all of the resources you can, the wait could cost you your home. Your family and your community deserve the comfort and stability of having the American dream. Sadly, many minorities and underserved communities are missing the chance to own their own homes.
- According to the National Association of Realtors (NAR), minority groups still face a gap in homeownership rates compared to their White counterparts in 2022.
- The current homeownership rate for Black Americans is 43.4%, which is significantly less than White Americans at 72.1%.
- In 2019, the Black homeownership rate fell to 40.6%, the lowest level in more than half a century.
Earned Equity Program
The current credit models are designed for traditional W-2 income home buyers. That was the norm for many years, but things have changed significantly in the past few years. It’s becoming more and more common that a homebuyer no longer fits that standard income mold. You have demonstrated their ability to pay through timely rental payments, but you just don’t fit the traditional credit box and are unable to utilize most of the available mortgage options in the market.
Borrowers who can’t fit into the current models are expected to pay 15% to 20% down for a mortgage if they can qualify at all.
The Earned Equity Program (EEP) is a way that you can partner with a government entity to purchase a home today, rather than going through the traditional process and potentially waiting six months to two years for lending.
Opportunities exist today for minority groups to qualify for a home mortgage. Here are a few statistics to show us how ripe the market is for every community if they are provided with the tools they need.
Learn more about the Arrive Home Program
Unique loan programs to help your family qualify for a home loan today.
Break down the barriers to homeownership with one of the Arrive Home loan programs and create opportunities that have the potential to benefit generations to come.