CrossCountry Mortgage (CCM), the nation’s third largest retail mortgage lender, launched today a new program helping first-time homebuyers cover down payment costs up to $4,000. CCM Smart Start gives first-time homebuyers extra purchasing power and makes homeownership dreams attainable in today’s competitive housing market.
“Saving for a down payment can be a huge obstacle for first-time homebuyers,” said Jenn Stracensky, CCM Chief Operating Officer. “CCM Smart Start allows homebuyers to put less cash down, keep more savings intact, and have more money to build their future.”
Requirements:
- CCM covers 2% of the down payment up to $4K.
- At least one occupying borrower must be a first-time homebuyer.
- Must be at or below 80% of the County Area Median Income (AMI).
CCM is ready to support borrowers with education around a variety of innovative solutions. For more information about CCM Smart Start and to check eligibility, contact a CCM loan officer.