Compeer Financial, has a new First-Time Homebuyer Program, designed to empower individuals with the dream of homeownership by eliminating barriers like down payments and Private Mortgage Insurance (PMI) costs.
With Compeer’s Rural Living Solutions (RLS) First-Time Homebuyer Program, prospective buyers can access up to $400,000 in financing to purchase homes situated in small towns and rural areas within Compeer’s territory.
What sets this program apart from conventional loans is its unique offering of a 0% down payment requirement and the exclusion of PMI expenses. These financial barriers often stand in the way of aspiring homeowners, but Compeer’s program aims to make the dream of homeownership a reality.
“People who want to purchase a home for the first time don’t always have cash on hand to cover a down payment or the PMI costs,” said Tim Tjosaas, vice president of rural living solutions at Compeer. “This program aims to provide individuals the opportunity to reach their homeownership goals earlier.”
Click here more information about the First-Time Homebuyer Program.
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