KeyBank's Fair Housing Month Programs and Resources make affordable homeownership possible
Looking to buy a home? It's one of the biggest investments you'll make in your lifetime. But let's face it, the homebuying process can be overwhelming. This is especially true for those in underserved communities who may face additional barriers to homeownership. That's why, during Fair Housing Month, KeyBank is highlighting their range of tools, programs, and expertise that can help borrowers on their unique journey to affordable homeownership.
Where you choose to live can have a profound impact on your quality of life and economic opportunities. In a recent survey of 1,000 homeowners earning less than $75,000 annually, KeyBank found that location (38%) was the top financial factor when deciding to buy a home in the past five years, even more important than home price (37%). But surprisingly, less than half (47%) of respondents felt confident they paid a fair market value price for their home. This highlights a gap between what's important to homebuyers and the reality of their homebuying experiences.
Every homebuyer's situation is unique, which is why having a trusted lender by your side can make all the difference. Lenders offer critical support and guidance throughout the homebuying process, including recommending loan options that are best suited to your needs and identifying affordable homeownership programs you may qualify for. For instance, FHA loans or Key Community Mortgage® are loan options specifically designed for those who could benefit from a lower down payment than the traditional 5-20% required for a mortgage.
At KeyBank, we believe that everyone deserves the opportunity to achieve the dream of homeownership, which is why we offer Special Purpose Credit Programs for qualifying properties in eligible communities. These programs include the Key Opportunities Home Equity Loan and the expanded Home Buyer Credit, which now provides closing cost credits of up to $5,000 in value.
When it comes to major life events like buying a home, being informed is crucial. Visit the KeyBank Fair Housing Month site to learn more about our home lending opportunities and programs, as well as access a range of online tools on our Mortgage Center. These resources can help you estimate homebuying costs, identify key financial goals, and set and manage expectations and budgets.
Where you choose to live can have a profound impact on your quality of life and economic opportunities. In a recent survey of 1,000 homeowners earning less than $75,000 annually, KeyBank found that location (38%) was the top financial factor when deciding to buy a home in the past five years, even more important than home price (37%). But surprisingly, less than half (47%) of respondents felt confident they paid a fair market value price for their home. This highlights a gap between what's important to homebuyers and the reality of their homebuying experiences.
Every homebuyer's situation is unique, which is why having a trusted lender by your side can make all the difference. Lenders offer critical support and guidance throughout the homebuying process, including recommending loan options that are best suited to your needs and identifying affordable homeownership programs you may qualify for. For instance, FHA loans or Key Community Mortgage® are loan options specifically designed for those who could benefit from a lower down payment than the traditional 5-20% required for a mortgage.
At KeyBank, we believe that everyone deserves the opportunity to achieve the dream of homeownership, which is why we offer Special Purpose Credit Programs for qualifying properties in eligible communities. These programs include the Key Opportunities Home Equity Loan and the expanded Home Buyer Credit, which now provides closing cost credits of up to $5,000 in value.
When it comes to major life events like buying a home, being informed is crucial. Visit the KeyBank Fair Housing Month site to learn more about our home lending opportunities and programs, as well as access a range of online tools on our Mortgage Center. These resources can help you estimate homebuying costs, identify key financial goals, and set and manage expectations and budgets.
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