My Home Story: Her Persistence Helped Her Land a Mortgage
After an unpleasant experience with a mortgage lender that ultimately ended with her being denied a mortgage loan, Maria Gonzalez of Framingham, Massachusetts, thought she would never own a home.
But Gonzalez’s cousin had worked with loan officer Amy Wortzman to get a mortgage for her home and told Gonzalez to give Amy a call.
Wortzman looked into Maria’s financial situation and helped Gonzalez get her budget in order. Gonzalez, a medical secretary, paid off two student loans and realized she had more money in a retirement account than she had thought.
Working with a local real estate agent, Gonzalez found a condo in Framingham and was able to get her approved for a MassHousing RightRate Mortgage with no mortgage insurance. State HFAs such as MassHousing and local HFAs (which you can find in an Internet search of your area) may be a great resource for homebuyer education and down payment assistance.