loanDepot’s New AccessONE+ Program Provides First-Time Homebuyers With up to $9,000 in Down Payment Assistance
April 22 2024 - 12:08PM
Business Wire
Grant boosts affordability for aspiring
homebuyers in 21 underserved communities
loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading
provider of home lending solutions that enables customers to
achieve the dream of homeownership, today introduced its new
AccessONE+ program, intended to remove barriers and make
homeownership more accessible for aspiring homebuyers in
underserved communities.
AccessOne+ offers up to $9,000 in down payment and closing cost
assistance to first-time homebuyers who live in one of 21 eligible
census tracts in metropolitan areas, for the purchase of a home
anywhere in the US. It requires only one percent down and
homebuyers with non-traditional credit histories are eligible to
apply.
“Today’s first-time homebuyers are grappling with traditional
down payment requirements, high interest rates and rising home
prices creating inequities and barriers that are holding back
underserved communities,” said LDI Mortgage President Jeff Walsh.
“As we continue to unlock access to sustainable homeownership for
our customers, AccessONE+ provides loanDepot with another tool to
help more families achieve the American Dream of
homeownership.”
The 21 eligible census tracts are:
Atlanta-Sandy Springs-Roswell, GA
Houston-Pasadena-The Woodlands, TX
Philadelphia-Camden-Wilmington,
PA-NJ-DE-MD
Baltimore-Columbia-Towson, MD
McAllen-Edinburg-Mission, TX
Phoenix-Mesa-Chandler, AZ
Brownsville-Harlingen, TX
Memphis, TN-MS-AR
Riverside-San Bernardino-Ontario, CA
Chicago-Naperville-Elgin, IL-IN-WI
Miami-Fort Lauderdale-West Palm Beach,
FL
San Antonio-New Braunfels, TX
Cleveland, OH
New York-Newark-Jersey City, NY-NJ
St. Louis, MO-IL
Dallas-Fort Worth-Arlington, TX
Oklahoma City, OK
Tampa-St. Petersburg-Clearwater, FL
Detroit-Warren-Dearborn, MI
Orlando-Kissimmee-Sanford, FL
Washington-Arlington-Alexandria,
DC-VA-MD-WV
With the addition of AccessONE+, loanDepot adds to one of the
mortgage industry’s largest roster of products aimed at increasing
home affordability. This is complemented by the Company’s holistic
suite of digital tools designed to support first-time homebuyers
through every stage of the homeownership journey.
To learn more and apply for a loan with AccessONE+ call or visit
a local loanDepot branch near you.
About loanDepot
loanDepot (NYSE: LDI) is a leading provider of lending solutions
that make the American dream of homeownership more accessible and
achievable for all, especially the increasingly diverse communities
of first-time homebuyers, through a broad suite of lending and real
estate services that simplify one of life's most complex
transactions. Since its launch in 2010, the company has been
recognized as an innovator, using its industry-leading technology
to deliver a superior customer experience. Our digital-first
approach makes it easier, faster and less stressful to purchase or
refinance a home. Today, as one of the largest non-bank lenders in
the country, loanDepot and its mellohome operating unit offer an
integrated platform of lending, loan servicing, real estate and
home services that support customers along their entire
homeownership journey. Headquartered in Southern California and
with hundreds of local market offices nationwide, loanDepot’s
passionate team is dedicated to making a positive difference in the
lives of their customers every day.
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version on businesswire.com: https://www.businesswire.com/news/home/20240422051367/en/
Media Contact Jonathan Fine VP, Public Relations (781)
248-3963 jfine@loandepot.com
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