People & Places

Comments (0)

Best Mortgage Deal St. Louis 2006 - ACORN Housing Corp. - CLOSED

ACORN Housing Corp.

625 N. Euclid Ave.

St. Louis, MO 63108

314-361-9595

Map & Details>>

Most lenders require private mortgage insurance (PMI) when you can't afford a sufficient down payment — a nonrefundable monthly payment on your part that guarantees they'll be "made whole" if you default on your loan. To add insult to injury, zero-down loans are typically granted at two separate interest rates: market rate for 80 percent of the amount, and a much higher rate for the 20 percent that would have been the down payment. The ACORN Housing Corporation (AHC) is a HUD-certified lending program that allows buyers whose income is below $52,000 per year to finance 100 percent of their mortgage with no PMI and a below-market interest rate. St. Louis' AHC is deluged with clients and at times feels disorganized, but director Patricia Wright-Sivels still takes the time to patiently guide clients through the byzantine home-buying process. The AHC program is not limited to first-time buyers or buyers with spotless credit records, and it incorporates a counseling program that helps enable anyone to become a homeowner. In short, it's just the sort of endeavor that restores one's faith in the American Dream.
My Voice Nation Help
1 comments
Frenk
Frenk

Nice blog.Really a great knowledge about different thing about ACORN Housing Corp.I refer my friend to this site for more information.They also impressed by this site.Best Mortgage Deals

Slideshows

Search Best Of Awards

Best of Award Graphics

Loading...