More and more first-time homebuyers are watching their
dreams of homeownership slip away. Rising home prices and living expenses
throughout the Northeast have made it impossible to save for down payments and
closing costs. Credit scoring systems have lead to tighter credit
guidelines for many lenders. Add to that the lack of homes for sale and
first-time homeownership has become increasing difficult.
In an effort to eliminate these roadblocks and to
increase first-time homeownership, American United created The Open Door
Program.
The Open Door Program is a series of loans designed to
provide opportunities to people that may otherwise not qualify for financing.
Program features include; Zero-to-low down payment options, reduced interest
rates, and expanded credit guidelines that can make home buying more affordable
even for those with past credit issues.
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Program Requirements
To apply for The Open Door Program, you must meet the
following requirements:
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You must live in the home - owner occupied only.
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You must be a first-time homebuyer.
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Your household income must be $65,000 or more.
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You must purchase a 1-4 family residential home or
condominium.
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New Jersey, Pennsylvania, and Connecticut residents
only.
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Bankruptcies must be discharged
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The home price must be between $150,000 - $500,000
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American United is committed to lending more than 68
million dollars though the Open Door Program this year.
How Do I
Apply for The Open Door Program?
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Simply complete the no obligation
Open
Door Online Application
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Within 24 Hours you will know if you qualify for The
Open Door Program and what options are available to you.
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If you don't qualify now, you will receive
counseling from an American United Lending Partner and a game plan for
qualifying in the future.
For more information on how The Open Door Program can help
you, simply call us at 1-800-555-2035 or email us at
info@americanunited.com.
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