Those in poverty have a long history of troubles when it comes to trying to receive a mortgage to afford a home. Programs and laws have been put into place to help with this issue, and now Associated Bank has initiated their own program: PATH (Program for Assisting Today’s Home buyer).
PATH is a loan program that assist borrowers purchasing or building a primary residence, according to their press release. Eligible borrowers can receive up to $4,000 from a financial assistance grant from Associated Bank along with the Federal National Mortgage Association (FNMA) for down payments and closing costs. The borrower does not have to repay the grant funds.
View the full article here.