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Did you receive a Bank of America Postcard
in the mail?
Since 1990, ACORN Housing and Bank of America partnership has created over 55,000 new homeowners in low-and-moderate income neighborhoods. Our partnership is aimed to promote stronger neighborhoods and curb Predatory Lending in underserved markets.
The great news is that our program can save you money with it's lower interest rates and help you with the homebuying process with our expert housing counselors.
ACORN Housing offers:
- Free Home Buyer education and counseling
- Credit counseling and Credit Repair class
- Upon completion of the program you can access the best loan program in the market!
Loan program details:
- Below market interest rates
- $500 - 3% downpayment required
- Flexible income, credit and savings guidelines
- Based on your credit report, not your credit score.
- You can purchase 1-4 units homes
- No Mortgage Insurance. Typically, this insurance is required for buyers who pay less than 20% downpayment.
Requirements:
- 2003 and 2004 year tax returns and W2s
- One month of current paystubs
- 3 most recent bank account statements
- $20 in check or money order for a credit report
- Rental history for the last 12 months: cancelled checks, receipts, landlord letter, etc.
- You will need to complete the following FORMS
Contact your local office or e-mail ltrujillo@acornhousing.org to obtain class registration information.
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