In an effort to make the dream of homeownership a tangible, closer reality for many, the St. Bernard Home Mortgage Authority is hosting a seminar that casts a lifeline to first-time homebuyers grappling with the often prohibitive upfront costs. The free seminar, announced by St. Bernard Parish Government's Facebook post, will take place on January 21 from 6:00 to 7:00 PM at the Parish Council Chambers, offering insights into how the CAFA Down Payment Assistance Program can soften the daunting financial burden for eligible attendees.
A significant allure of this event is the financial boon it promises, according to their social media post, "Receive 5% of your loan amount to use toward your down payment and/or closing costs," which could make the vexing exercise of accumulating savings for a mortgage down payment somewhat less intimidating, not to mention the possibility that "in some cases, buyers may be able to close with little to no money out of pocket" that certainly sweetens the deal. The assistance program can be utilized with Conventional, FHA, or RD loans and is also available for prospective landlords eyeing multi-family properties (up to 4 units).
Interested parties are encouraged to convene at 8201 W. Judge Perez Drive, where they can absorb vital information that could pave the way to securing their own piece of the American dream. The utility of this event seems twofold: providing critical financial information and fostering community engagement in a setting designed to empower and educate the potential homeowners of St. Bernard Parish.
CAFA is offering a one-hour seminar to help first-time homebuyers learn the basics of the home-buying process, providing an introductory overview of key topics and general guidance for participants interested in homeownership.
