Newrez’s affordable lending program targets first-time homebuyers in MSAs

By: ameer@trustedteam.com

RezFund doesn’t have applicable income limits, with a lender contribution of up to $8,000 for down payment and/or closing costs.

The program is currently available in numerous MSAs across the United States, including: Atlanta-Sandy Springs-Roswell, GA; Baltimore-Columbia-Towson, MD; Chicago-Naperville-Elgin, IL-IN-WI; Detroit-Warren-Dearborn, MI; and Miami-Fort Lauderdale-West Palm Beach, FL, among others.

“Newrez believes that by offering these meaningful contributions, RezFund will make homeownership more achievable for first-time homebuyers in targeted MSAs,” the non-bank lender said in its press release. “The program aligns with Newrez’s mission to foster inclusive, sustainable homeownership and address historical disparities in access to credit.

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