Neighborhood Housing Services of New Haven

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Home Purchase

The New Haven HomeOwnership Center helps its clients to obtain a wide array of flexible first-mortgage loan products and secure mortgages that best suit their needs.  There are three basic criteria to be considered when obtaining a mortgage: credit score, downpayment, and debt-to-income ratios.  The HOC evaluates each client’s particular circumstances and matches them with the mortgage origination criteria established by a number of different lenders.  In this way we are able to obtain the best possible mortgage for each individual client.  By acting as the homebuyer’s advocate in the mortgage selection process, we help low-income families avoid the lure of an easily obtainable sub-prime loan.  Although there can never be an absolute assurance of long-term affordability and retention of one’s home, the HOC helps to position each of our homebuyers for a successful homeownership experience.

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