As a mortgage professional, my greatest reward is witnessing a client’s reaction to grants, programs, and benefits they had no idea were available to them. It is my job and passion to stay informed in an ever-changing industry in order to help my clients achieve their dream of homeownership or a better way of life through debt restructuring.

Did you know?
From hud.gov (05/29/09), The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. Today's announcement details FHA's rules allowing state Housing Finance Agencies and certain non-profits to "monetize" up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.

What programs can help you?

Find out more about this government program and others like it by contacting Aequor Funding today.

Rod Manrique
Aequor Funding Corp.
Senior Loan Officer