Hero Programs Home Purchase Discounts For First Responders

In this blog, we will cover and discuss hero programs home purchase discounts for first responders. Hero Programs For Veterans And First Responders Home Purchase is now available throughout the United States. Hero Programs are discounted mortgage programs for our everyday heroes who are out there such as police officers, firefighters, EMTs, doctors, nurses, military, and others. The Team at Gustan Cho Associates appreciates our front-line workers who many take for granted. These heroes are often not recognized by Americans. Many of us often take our first responders and members of our military for granted. The sacrifices they make by working during hurricanes, tornadoes, major floods, fires, and other national emergencies are priceless. This article will get updated as time passes with the new hero programs as they come out throughout the United States

Hero Programs For Veterans And First Responders Home Purchase By State

Hero Programs For Veterans And First Responders Home Purchase By State

GCA Mortgage Group is listing non-for-profit organizations by state that help first responders and veterans of our U.S. Military with the costs when buying a home. The following organization’s mission is to help our first responders and military homebuyers with down payment assistance and/or closing costs when buying their home.


 

Texas

 


Texas Hero Programs: Homes For Texas Heroes – Financial Assistance for Homebuyers In Texas

The Texas State Affordable Housing Corporation is an agency to help our everyday heroes achieve the dream of homeownership become a reality.
  • Homes for Texas Heroes Program is a not-for-profit agency
  • It provides down payment assistance to our heroes such as teachers, police and correctional officers, firefighters and EMS personnel, and veterans on their home purchase
  • The program provides a down payment, low interest 30-year fixed-rate mortgage at favorable terms
  • The program requires eligible candidates to partner up with eligible mortgage lenders of their choice
  • The down payment assistance is anywhere between 3 to 5 percent of the total loan amount
  • The down payment assistance allows homebuyers to use it towards their down payment and/or closing costs on their home purchase
  • The DPA from the Homes For Texas Heroes is a gift by the organization
  • It does not have to be repaid back
There are no requirements such as the homebuyer needing to live in the property for a certain period of time.

Where Are Hero Programs Available

There are Hero Programs available throughout the United States.
  • The Homes For Texas Heroes program is available for eligible homebuyers in Texas
  • The loan program is available to eligible heroes through qualified lenders who are members of the Homes For Texas Heroes network system
  • You do not have to be a first-time homebuyer to qualify for this program
  • Homebuyers who are purchasing their first homes can apply for a Mortgage Credit Certificate (MCC)
Texas homebuyers who use the down payment and MCC assistance together will receive their MCC for free, saving $500.

Definition Of Heroes And Eligible Professions

Eligible Professions
  • Allied Health Faculty Member
  • Corrections Officer
  • County Jailers
  • Emergency Medical Services Personnel
  • Fire Fighters
  • Juvenile Corrections Officers
  • Military Veteran
  • Nursing Faculty Member
  • Peace Officer
  • Professional Educator
  • Public Security Officer

Purpose For The Home Purchase Hero Program

Purpose For The Home Purchase Hero Program

The main purpose of the home purchase assistance hero program is to assist first responders, active and retired members of the United States Military, and other heroes with the down payment, closing costs, prepaid costs, and other costs when buying their homes.
  • Upfront costs in obtaining a mortgage such as the home appraisal and home inspection costs are part of the hero program aid program
  • Many heroes are able to afford the monthly mortgage payments and housing expenses but are often short of the down payment and closing costs in order to purchase a home
Due to the lack of down payment and closing costs, many heroes are stuck as renters and cannot afford a home purchase.
*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.
Piotr Bieda of Gustan Cho Associates said the following:
Down payment assistance programs and/or grants were researched by the team at GCA Mortgage Group. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property. FHA.com’s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Texas

5 Star Texas Advantage Program:

  • The Southeast Texas Housing Finance Corporation (SETH) offers eligible Texas residents the 5 Star Texas Advantage Program
  • This down payment assistance home purchase program helps heroes in Texas become homeowners by assisting them with down payment and closing costs
  • The DPA program is a grant and does not need to be paid back
  • It is a very popular home purchase DPA program where eligible homebuyers can easily qualify

Contact us at GCA Mortgage Group for more information.

Travis County heroes can qualify for the Hill Country Home Down Payment Assistance Hero Program. Eligible homebuyers can purchase any home of their choice in Travis Country. This includes homes in the City of Austin. The purpose of this DPA home purchase program is to help our heroes with the cost of buying a home such as the down payment and closing costs. Eligible homebuyers can get a home purchase grant of up to 5% of the purchase price in the form of a grant and not a loan and/or second mortgage. The grant does not have to be repaid.

The Home Star Program is one of the most popular hero programs in Texas. Dale Elenteny of GCA Mortgage Group said the following about the Home Star Program:

The Southeast Texas Housing Finance Corporation (SETH) offers Texas residents the Home Star Program, which helps eligible applicants with down payment and closing cost assistance. SETH provides up to 4 percent of the total loan amount in the form of a down payment assistance grant.

Homeownership Across Texas

Hero Programs that is picking up steam in Texas is the Homeownership Across Texas grant program. The Homeownership Across Texas DPA home purchase program provides grants up to 5% percent of the home purchase amount on government loans. Government loans are FHA, VA, and USDA loans. On conventional loans, the Homeownership Across Texas DPA program provides up to a 3% percent grant. The grant does not have to be paid. There is no seasoning requirement on the longevity the homeowner needs to live on the home purchase. Homebuyers do not have to be first-time homebuyers.

The Texas Hero Programs provide heroes in the following professions a 3 to 5 percent grant of the home purchase price to be used for the down payment and closing costs of the home purchase. The homebuyer can choose their preferred lender. However, the lender needs to be part of the Texas Hero Programs lending network. The following heroes in the following professions are eligible:

  • Teachers
  • Police and correctional officers
  • Firefighters and EMS personnel
  • Veterans
  • Federal agents
  • Judges
  • Prosecutors
  • Medical and health care workers

Here is another popular DPA home purchase program:

Along with competitive, fixed interest, 30-year home loan, the Texas Department of Housing and Community Affairs’ My First Texas Home’s Taxable Mortgage Program (TMP) offers down payment and closing cost assistance of up to 5 percent of the mortgage loan.

 

California

 


VHDC – Veterans Housing Development Corporation

The Veterans Housing Development Corporation is also referred to as VHDC. Here is what VHDC does to assist heroes in California:

VHDC projects offer much more than just bricks and mortar. At VHDC, they build homes and communities. Their onsite support staff is there to provide behavioral health treatment, case management, workforce training and job placement, and a range of other services to our veterans. They currently have seven completed projects with the capacity to house a total of more than 150 veterans and their families, and we have five projects currently in development—either under construction or in the planning phase—that will be able to house an additional 300 veterans and their families.

We also have several other sites identified where we hope to provide even more affordable housing in the near future.  https://housingvets.org/

Hero Programs Homes

Hero Programs Homes

Here are the benefits of the BHH program:

BHH is strongly committed to supporting the brave men and women of the military who were injured, post-September 11, 2001, while serving the country at the time of the wars in Iraq or Afghanistan. BHH builds or modifies homes and gifts these homes, mortgage-free, to veterans and their families. Since 2006, BHH has been at the forefront of making a significant difference in the lives of the wounded men & women of the military forces of the US. We build homes from the ground up or modify existing homes to meet the needs of the brave men and women who selflessly served our country. These mortgage-free homes not only help to remove the family’s financial burden, but they also help to restore the individual’s freedom and enable the veteran to lead a more independent and productive civilian life.

This program is also available in Alabama, Arizona, Arkansas, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South, Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin

Hero Programs For Homeless Veterans Emergency Housing Facility

This is what the Homeless Veterans Emergency Housing Facility (HVEHF) offers:

Homeless Veterans Emergency Housing Facility (HVEHF) uniquely combines emergency/treatment beds, transitional housing, and supportive services (such as case management, vocational rehabilitation, mental health, and addiction treatment services and housing assistance) in order to serve homeless veterans throughout the Silicon Valley. We are a non-profit 501 (c)(3) organization that receives funding from the U.S. Department of Veterans Affairs, as well as charitable funding from community organizations and corporations. The Veterans Housing Facility will provide outreach to homeless veterans and linkage to VA services. VHF has 25 treatment beds, and 125 transitional housing beds for homeless or near-homeless veterans in need of emergency housing services. Our facility originally operated out of the Menlo Park Veterans Administration campus for 13 years, but we were forced to relocate in 2011. For a good part of 2012, our program suffered great difficulties in finding a new location and seemed to be “homeless” itself.  Nevertheless, our loyal staff was determined to find a new campus to continue serving our veteran residents.  Today, we reside in the East Foothills of San Jose, and we ABSOLUTELY LOVE our new location!! We want to permanently lay our roots at our San Jose location and continue to serve the greater Silicon Valley for decades to come.

We are raising funds that will go towards purchasing the property we occupy in San Jose.

In addition, we also plan to expand our reach in the future, by hopefully obtaining funds and community support to accept and aid more veterans into our program. We want to build on what we have by adding 50 more transitional beds for homeless veterans in need, expand our food services to feed more hungry and homeless veterans and build an up to date computer room where we can help veterans navigate new technology to help them improve their employability. So far we have seen a lot of mighty support and generous love from the Bay Area communities, cities, and residents that surround us. We thank every interested donor for their time and consideration. And to our veterans, we thank you for your service.

 

Massachusetts

 


VTH – Veterans Transition House

Here is a statement by the Veterans Transition House (VTH):

The Veterans Transition House (VTH) helps homeless and at-risk veterans and their families in the Massachusetts South Coast area. We provide shelter and services, with a special focus on healing from substance abuse and learning new life skills. The VTH is a 501 (c) (3) non-profit, founded in 1990 by a group of Vietnam veterans and community leaders who recognized the vital need for housing and supportive services for area homeless and at-risk veterans—especially those tackling substance abuse—on the Massachusetts South Coast. Our goal is the rehabilitation, self-sufficiency, and reintegration of each veteran into the community. It’s our belief that the veterans we serve seek a hand up, not a hand-out.

https://www.vetshouse.org/


 

North Carolina

 


Hero Programs For Purple Heart Home

Service Connected Disabled Veterans and aging veterans of the U.S. military can get housing assistance from the Purple Heart Homes.

Purple Heart Homes is a 501(c)3 public charity that was founded in 2008 by John Gallina and the late Dale Beatty, two combat-wounded Veterans. After being injured in Iraq in 2004, they returned to their community and received a warm welcome and grateful appreciation for their service. They began to question why all Veterans didn’t get the same levels of support and assistance from society. The answer isn’t easy, but Purple Heart Homes fills the gaps in housing through the Veterans’ Aging In Place and Veterans Home Ownership Programs. From building a ramp for a Veteran of World War II to providing homeownership opportunities to qualified Service-Connected Disabled Veterans.

Mortgages For Hero Programs Home Purchase Discounts For First Responders

The Team at Gustan Cho Associates are experts in helping our active and/or retired members of the U.S. Armed Services and hometown heroes qualify for Home Mortgages for Heroes. This holds true especially for Heroes with prior bad credit and low credit scores. We can help Heroes qualify for FHA and VA loans with credit scores down to 500 FICO.

Mortgages With Lax Guidelines For Heroes

Heroes and first responder homebuyers who are told by other lenders they do not qualify for a mortgage due to having outstanding collections and charged-off accounts can qualify at Gustan Cho Associates. Heroes can qualify for a mortgage one day out of bankruptcy and/or foreclosure with no waiting period requirements. Self-employed Heroes can qualify for a mortgage with our 12-month bank statement loan program with no income tax returns required. Gustan Cho Associates is known to be a one-stop shop for mortgages for Heroes and First Responders.

Types Of Mortgages For Heroes

Gustan Cho Associates has multiple loan programs such as government and conventional loans, bank statement loans, non-QM loans, investment property loans, and alternative financing loan programs. Gustan Cho Associates offers government, conventional, and non-QM loans. GCA Mortgage Group have various loan programs that our heroes and first responders can benefit from. Gustan Cho Associates is a national mortgage company licensed in multiple states with no lender overlays. Over 75% of our borrowers are folks who either got a last-minute mortgage loan denial or could not qualify at other lenders.

Our Appreciation To Police Officers and First Responders

Our Appreciation To Police Officers and First Responders

Our team at Gustan Cho Associates likes to show our gratitude to our veterans, police officers, firefighters, paramedics, and public service workers by giving them the very best service. Michelle McCue and Alex Carlucci of Gustan Cho Associates are overseeing this program for all clients at Gustan Cho Associates Mortgage Group. Through our Mortgage For Heroes fresh start program, we can help all borrowers maximize their credit scores by offering one on one coaching on rebuilding your credit and maximizing your credit scores so you can get the lowest mortgage rate. One of our experienced loan officers will be assigned to the borrower and will go over the best loan program for the individual borrower.

The Team at Gustan Cho Associates Sponsors Hero Programs Home Purchase Discounts For First Responders 

Our support and licensed personnel are available 7 days a week, on evenings, weekends, and holidays. We will go over down payment assistance mortgage program and/or grants the homebuyer may be eligible to qualify for. Our team at Gustan Cho Associates is passionate about giving back to our heroes and first responders to those who serve us and keep us safe. In this article, we will detail who qualifies for our Mortgages For Heroes And First Responders Home Purchase Program . We will cover how the Mortgages For Heroes And First Responders Home Purchase Program  works, and steps to start the process.

What Are Hero Programs Home Purchase Discounts For First Responders

What Is The Mortgages For Heroes And First Responders Home Purchase Program? The Mortgages For Heroes And First Responders Home Purchase Program is designed to provide an easy way for Heroes to save significant money when buying, selling, or refinancing a home through our one-on-one consulting services. An experienced licensed loan officer will work one on one with our borrowers in helping them maximize their credit scores so they can get the best rate and term on a home mortgage. We have many tools to analyze the borrower’s potential credit score increase such as the FICO Simulator.

Mortgage Broker Licensed in 48 States in Support For Hero Programs Home Purchase Discounts For First Responders 

Gustan Cho Associates is a mortgage broker licensed in multiple states with over 160 wholesale mortgage lenders. Our loan officers have a network of five-star real estate agents, attorney, title agents, insurance professionals and other real estate industry professionals we can refer homebuyers and homeowners. The Team at GCA Mortgage Group can also link our pre-approved homebuyers up with a real estate agent. The team at Gustan Cho Associates will work closely with our HERO homebuyer and can even tailor a custom and/or a special program to assist the new homebuyer.

Who Are Our Heroes?

Who Are Our Heroes?

Who is considered a HERO? Under our Mortgages For Heroes And First Responders Home Purchase Program, our HERO program is designed to help those who help American citizens live their everyday life, a few examples are:

  • Firefighters and EMS
  • Law enforcement (city, county, state, and federal law enforcement officers including border patrol federal agents and ICE federal agents)
  • Military (active duty, reserves, and retired veterans)
  • Healthcare professionals such as doctors, dentists, veterinarians, nurses, and pharmacists

How Do Our Heroes Save Money On Home Purchases

How does the hero save money? When a hero works with  Mortgages For Heroes And First Responders Home Purchase Program affiliate real estate agents, real estate attorneys, title companies, and even home inspectors they often get VIP service. Our heroes who need to have fast closing will get rush appraisals that is paid for by us, the lender. On every file, we will try to increase the borrowers credit scores to get them the best mortgage rates and terms. We can assist with a lender credit to cover closing costs in lieu of a slightly higher rate.

Our Statement to Our Every Day Silent Heroes

The Hero Programs Home Purchase Discounts For First Responders promise:

The promise is very simple. Mortgages For Heroes And First Responders Home Purchase Program  is a straight forward rewards program to show our everyday heroes and first responders how much we appreciate what they do. There is no catch or hidden costs and/or obligation to purchase anything. A home is most people’s largest investment in their lives. The team at Gustan Cho Associates and Capital Lending Network, Inc. want to show our gratitude to our HEROES that they are appreciated for their service and not take them for granted. A little something always help for new homeowners.

We thank our heroes for their trust and faith in us:

We promise they will have a rewarding experience with us and our network of professionals.

VA Mortgages For Heroes At Gustan Cho Associates

Gustan Cho Associates has a national five-star reputation for not having any lender overlays on VA loans. Most lenders have lender overlays on VA loans. They normally require a 620 or higher credit score. Many people do not realize there is no minimum credit score requirements on VA loans per VA Agency Guidelines. Gustan Cho Associates only goes off VA Agency Guidelines and has no lender overlays on VA loans. We have approved countless borrowers with credit scores in the 500s to get approved and close on their VA loans. We have no minimum credit score requirements on VA loans as long as the borrower can get an approve/eligible per automated underwriting system (AUS).

VA Funding Fee on VA Loans

VA Funding Fee on VA Loans

The VA Funding Fee can be rolled into the loan balance. Lenders offer 100% financing with no down payment required on VA loans due to the government guarantee. There is no mortgage insurance required. Lenders will allow up to a 4% sellers concession by the home sellers for the home buyers closing costs. There is no maximum loan limit on VA loans.

How To Participate In Our Homes For Heroes Mortgage Program With Gustan Cho Associates

Heroes and first responders who need a national mortgage company licensed in multiple states with no lender overlays, please contact us at Gustan Cho Associates at 262-716-8151  or text us for faster response. Or email us at [email protected] for state-specific questions. Gustan Cho Associates is a five-star national mortgage company licensed in multiple states with no overlays on government and conventional loans. We are also experts on non-QM loans and alternative financing loan programs. We are available 7 days a week, evenings, weekends, and holidays.

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