Episode 97: Key to Homeownership: Life-Changing Downpayment Assistance Program with Debbie Berry

In this episode, we shine another spotlight on the transformative impact of downpayment assistance programs, making the dream of homeownership a reality for countless individuals. Our returning guest, Debbie Berry, a veteran Community Loan Officer at Regions Mortgage, shares valuable insights into these life-changing programs. Join us as we explore the various downpayment assistance options available and how they can help bridge the financial gap for first-time homebuyers. Debbie decodes income restrictions, loan approvals, and introduces us to the Federal Home Loan Bank program. Discover how Regions' Grant program offers 100% financing, no MI and fixed rates for first-time homebuyers. Debbie unravels the myths surrounding eligibility requirements and credit scores, offering valuable tips on how to qualify and take advantage of these programs. Discover the key benefits of downpayment assistance, including increased affordability, reduced financial stress, and improved access to housing options. Our guest's passion for empowering homebuyers shines through as she reveals success stories and the life-changing impact these programs have on families and communities. If you're eager to step into homeownership but worried about the downpayment hurdle, this episode is a must-listen.  Key Takeaways: Debbie’s Current Job at Regions Mortgage (5:06) Debbie is the Community Mortgage Loan Officer at Regions Mortgage Debbie talks about the struggle of being a first-time homeowner and how it feels to feel amazing afterward when you get to the finish line. Criteria for down payment assistance (7:27) How do you qualify for state housing? (11:57) Downpayment assistance and closing. (14:18) The difference between a 100% score and a 97% score, and how that has changed over the years. How long it takes to close on a house Understanding the timeline of a deal. (16:06) Debbie is transparent and takes what the lender gives her. She wants to explain to the other side of the table how long it will take to close. Downpayment assistance and downpayment assistance. (17:44) Connect with Debbie: Contact Number: 843-817-4202  Email Adress: [email protected] Website: regions.com/mlo/debbieberry |Apply Now Connect with Corwyn@: Contact Number: 843-619-3005 Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠ FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠ Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠ Website:⁠ https://www.exitstrategiesradioshow.com⁠ Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠ Shoutout to our Sponsor: MEME EUBANKS Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.  Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today MEME EUBANKS Your Country REALTOR at 843-730-3327 that's 843-730-3327 or visit exitlowcountry.com/joinexit and make your EXIT today.