Host Brian Bendily recently sat down with Jeremy Lowe to discuss an exciting new loan product that has the potential to change the game for aspiring homeowners in the area. This loan package, called "Keys for Service," is offered through the Louisiana Housing Corporation and aims to enhance homeownership opportunities for those who may need a little extra help.

The Louisiana Housing Corporation, a statewide governmental program, is committed to promoting homeownership and recognizing the value it brings to individuals and communities. With the "Keys for Service" program, individuals now have the opportunity to access down payment and closing cost assistance, making homeownership more attainable than ever before.

What sets "Keys for Service" apart is its unique features. The program offers a four percent down payment and closing cost assistance, which can be used for either one, depending on the individual's needs. Whether you require financial support for a down payment or assistance with closing costs, this loan package has you covered.

One of the most remarkable aspects of this loan package is that the four percent assistance is forgivable. Over a five-year period, the assistance is gradually forgiven at a rate of 1/60th per month. This means that after 60 payments, the entire four percent assistance is completely forgiven. Imagine having a portion of your down payment or closing costs forgiven as you make regular payments towards your mortgage.

The "Keys for Service" program also offers flexibility in terms of loan options. Whether you are considering a conventional loan, FHA loan, VA loan, or rural development loan, this program can be tailored to suit your needs. With a minimum credit score requirement of 640, the eligibility criteria are not overly stringent, making it accessible to a wide range of individuals.

Additionally, the income limits for the program have been expanded, now allowing households with an income of up to $125,000 to qualify. This increase opens up doors for many individuals who may have previously thought homeownership was out of reach. The program specifically acknowledges the importance of various career fields and aims to support those who serve our local communities on the frontlines.

Career fields eligible for the "Keys for Service" program include law enforcement, firefighters, first responders, paramedics, educators, hospital staff, physicians, and those working in assisted living and nursing homes. The program recognizes their contributions and offers a helping hand to those who have dedicated themselves to their respective professions.

Whether you are part of a two-income household or a single-person household, as long as your income falls within the $125,000 limit, you may qualify for this program. The "Keys for Service" program is designed to empower individuals who work hard every day and deserve the opportunity to achieve the American dream of homeownership.

If you are interested in learning more about the "Keys for Service" loan package and want to determine if you qualify, reach out to Brian Bendily or Jeremy Lowe. They will be more than happy to guide you through the process and provide you with the information you need to take advantage of this game-changing opportunity.

Don't miss out on this chance to unlock the door to homeownership. The "Keys for Service" program can make your dreams a reality. Contact Brian Bendily or Jeremy Lowe today and start your journey towards owning a home.