Homeownership

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hello and welcome to my new household
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home
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[Music]
Meet Cathy Bailey
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hello everybody my name is Kathy Bailey
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and I'm an employee here with housing
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and neighborhood services within the
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city of Charlotte and I've been with the
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apartment now for 28 years I've just
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become a homeowner
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[Music]
Why Cathy Bought a New Home
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the reason I decided to buy a new home
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is because a home is investment you pay
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yourself and not the landlord in today's
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markets homes are cheaper than paying
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rent for instance the apartment that I
Cathy’s Housing Payments, Before & After
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just left was a one bedroom 800 square
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feet my rent starting October 1st was
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going up to thirteen hundred dollars my
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new house payment is two bedrooms 1368
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square feet with a two-car garage and my
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payments are 13.62 and get this will
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decrease after four years
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[Music]
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foreign
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[Music]
Cathy describes the House Charlotte homebuying process.
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to start the home buying process I had
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to present my financial information to
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Ron Mason to make sure that I was within
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and not over the 80 percent medium
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income range I was then given a list of
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preferred House Charlotte lenders I
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apply it for the mortgage and got
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pre-approved I then had to take an
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eight-hour homebuyer education course
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which included a one-on-one budget
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session which was very helpful
Cathy recommends the House Charlotte program.
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now that I've completed the home buying
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process my thoughts on the house
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Charlotte program oh my God is a
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fantastic program that helps individuals
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and families such as myself become
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homeowner the house Charlotte program
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provided me the down payment that I
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needed to successfully achieve my goal
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of becoming a homeowner the home buyer
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program helped me to understand how the
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loan process works what's involved doing
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the closing and tips on paying and
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maintaining my mortgage
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Ron Mason, House Charlotte Program Manager, describes the House Charlotte program.
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hello my name is Ronald Mason I'm a
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program manager with housing enabled
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Services I oversee the house Charlotte
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home buying assistance program offered
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by the city of Charlotte the house
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Charlotte program provides up to thirty
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thousand dollars in assistance and can
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be used to pay for interest rate buy
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down closing costs as well as down
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payment
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since 2019 until today the program has
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assisted over 939 households throughout
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the city we hope you will be able to use
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our down payment assistance to help with
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your home buying needs to see if you're
How to See if You’re Eligible for the House Charlotte Down Payment Assistance Program
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eligible for the house Charlotte down
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payment assistance program call Our
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House Charlotte team at 704
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705-3999 or you can reach me Ron Mason
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at
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704-336-2754 or check us out online
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howcharlotteprogram.com
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thank you