I want to buy a house!”
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"Hey Mom, Dad, Grandpa Joe... can anyone help me? I want to buy a house!"
Mortgage Funds
First time homebuyers may not know how they can qualify for a loan today. Genworth Mortgage Insurance has the expanded guidelines and premium plans you need to close more loans for your first?time mortgage borrowers. Saving enough for a down payment and closing costs for a house can be a challenge for many first?time homebuyers. Here are some funding options that can assist you with the home buying process:
Gift funds: Money from Mom, Dad or Grandpa Joe can be used for down payments or closing costs.
Genworth Mortgage Insurance assistance is available through:
Pledged assets: Funds in the form of cash/savings or certificate of deposit in lieu of a traditional down payment. Assets can come from immediate family members or yourself. Assets may continue to grow while also being leveraged as a form of down payment.
Seller concessions: Seller of home provides funds to be applied towards closings costs and prepaid items.
Non?Occupying Co-Borrower(s): The co?signer on the house may have the assets, collateral and/or credit score to help you qualify for the loan. They co?sign on the loan and agree to take on responsibility if the mortgage is not paid. They do not reside in the home.
Reduced Mortgage Insurance options: HomeReady?, Home Possible?, and HFA programs -- helps with payment affordability.
Competitive Rates: Genworth Split Premium Mortgage Insurance, for example, can help with qualifying.
Ask your Genworth Sales Representative about it today.
Housing grants: Your borrower can apply for a home grant which is typically government funded assistance for down?payments and low?interest loans.
Let's help someone buy a house today.
HomeReady? is a registered trademark of Fannie Mae. Home Possible? is a registered trademark of Freddie Mac.
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Genworth Mortgage Insurance Corporation
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