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Cash to help with closing costs |
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No added credit underwriting/qualifying |
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Uses programs with familiar guidelines |
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Opens up additional markets. Many people who might not otherwise
be able
to afford a home will enter the buyer’s market. |
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Community development incentive. Areas that are being redeveloped
often are included in federally-targeted census tracts. Without
the first-time homebuyer requirement, First Place loans help real
estate professionals sell in these areas.
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