You Might Find Your Answer Below
Home Owner
When you Sign Up as a Homeowner, you will have the ability to create Project(s).
Project(s)
A Project starts your Homeownership journey and process. When you create a Project, you must provide the Project Name. You may identify the Property of interest by providing the address; however, if you have not identified a property, you can still submit your Project. We will provide education and resources on identifying a property. You can only have one Project active at a time; you may submit additional Projects after the qualifying period of a First Time Home Buyers(FTHB).
All Others
When you Sign Up as a Non Homeowner, example: Real Estate Agent, a User Profile will be created for you. The User Profile identifies you as the Administrator of the account. As an Administrator, you can manage your Company Profile; example: you can add Contact(s).
Company Profile
You Must create your Company Profile after you sucessfully Sign Up. You can not create Company Contact(s) until your Company Profile is created. A default Company Profile is created with you as the Main Contact.
Company Contact
You may create your Company Contact after you create the Company Profile. There are no limits on how many Company Contacts you can have.
When you Sign Up as a Homeowner, you will have the ability to create Project(s).
Project(s)
A Project starts your Homeownership journey and process. When you create a Project, you must provide the Project Name. You may identify the Property of interest by providing the address; however, if you have not identified a property, you can still submit your Project. We will provide education and resources on identifying a property. You can only have one Project active at a time; you may submit additional Projects after the qualifying period of a First Time Home Buyers(FTHB).
All Others
When you Sign Up as a Non Homeowner, example: Real Estate Agent, a User Profile will be created for you. The User Profile identifies you as the Administrator of the account. As an Administrator, you can manage your Company Profile; example: you can add Contact(s).
Company Profile
You Must create your Company Profile after you sucessfully Sign Up. You can not create Company Contact(s) until your Company Profile is created. A default Company Profile is created with you as the Main Contact.
Company Contact
You may create your Company Contact after you create the Company Profile. There are no limits on how many Company Contacts you can have.
Introduction
The Leap Ahead Real Estate Program is focused on First Time Home Buyers (FTHB). Our goal is to enable people to become Homeowners; if you are already a Homeowner, we encourage you to help others become a Homeowner by recommending Lead Ahead.
With the uncertainties of life, we understand that current Homeowners may find themselves in financial hardship which could lead to them losing their home, our hope is to develop a program that may assists in this situation; however, our focus at this time is the First Time Home Buyers (FTHB).
Pre-qualification
We are here to work for and with you; one of our main goals is to make sure becoming a Homeowner does not create and/or cause unnecessary financial hardship to you and your family. With this in mind, we will work with you to determine the home that will best meet your budget. During this process, we look at your financial capability and based on this, we will recommend purchasing a home that will allow you to be a successful Homeowner.
Identifying Property
We work with Real Estate companies through out the Continental United States. In most cases, since we do not know your local Real Estate market as you may, we will rely on you to identify the geographical location of your interest. Once the geographical location is identified, we will engage a Real Estate company within the radius of your location and start the negotiation process. At the time we feel there is a good match for you, we will make a formal introduction with the two parties (Real Estate company and Homeowner). To ensure your success, we will be involved with you during the entire purchasing process.
Loan Process
We will provide education and resources on the Loan Process to make sure you are successful in securing a Real Estate loan. There are many programs that are geared towards FTHB. With new governmental guidelines regarding Real Estate loan, Down Payment may varied.
Below are general information on some Financial Institutions:
1. Department of Housing (HUD) offers one of the most popular FTHB program. There is a maximum loan amount with HUD and Down Payment could range from 1% to 3%
2. Conventional Banks offers loans with Down Payment as low as 3% to 5%. Banks leanding requirements may differ from Credit Unions
3. Credit Unions offers loans with Down Payment as low as 3% to 5%. Because Credit Unions are usually local and serves a smaller population, their loan can sometimes be beneficial to local residents
4. Private Lenders in general, offers loans with low Down Payment, however, the interest rate is usually very high. We strongly do not recommend them. Private Lenders should be your last choice for a Real Estate loan
The Leap Ahead Real Estate Program is focused on First Time Home Buyers (FTHB). Our goal is to enable people to become Homeowners; if you are already a Homeowner, we encourage you to help others become a Homeowner by recommending Lead Ahead.
With the uncertainties of life, we understand that current Homeowners may find themselves in financial hardship which could lead to them losing their home, our hope is to develop a program that may assists in this situation; however, our focus at this time is the First Time Home Buyers (FTHB).
Pre-qualification
We are here to work for and with you; one of our main goals is to make sure becoming a Homeowner does not create and/or cause unnecessary financial hardship to you and your family. With this in mind, we will work with you to determine the home that will best meet your budget. During this process, we look at your financial capability and based on this, we will recommend purchasing a home that will allow you to be a successful Homeowner.
Identifying Property
We work with Real Estate companies through out the Continental United States. In most cases, since we do not know your local Real Estate market as you may, we will rely on you to identify the geographical location of your interest. Once the geographical location is identified, we will engage a Real Estate company within the radius of your location and start the negotiation process. At the time we feel there is a good match for you, we will make a formal introduction with the two parties (Real Estate company and Homeowner). To ensure your success, we will be involved with you during the entire purchasing process.
Loan Process
We will provide education and resources on the Loan Process to make sure you are successful in securing a Real Estate loan. There are many programs that are geared towards FTHB. With new governmental guidelines regarding Real Estate loan, Down Payment may varied.
Below are general information on some Financial Institutions:
1. Department of Housing (HUD) offers one of the most popular FTHB program. There is a maximum loan amount with HUD and Down Payment could range from 1% to 3%
2. Conventional Banks offers loans with Down Payment as low as 3% to 5%. Banks leanding requirements may differ from Credit Unions
3. Credit Unions offers loans with Down Payment as low as 3% to 5%. Because Credit Unions are usually local and serves a smaller population, their loan can sometimes be beneficial to local residents
4. Private Lenders in general, offers loans with low Down Payment, however, the interest rate is usually very high. We strongly do not recommend them. Private Lenders should be your last choice for a Real Estate loan
Partnership
We will partner with professionals with the appropriate experience/expertise. We will provide guidance and education for our First Time Home Buyers(FTHB) throughout the process of becoming a Homeowner. We will provide educational resources to Federal, State and Local governments, Charitable Organizations, to ensure we are successful.
The Plan
We understand the complexity of becoming a Homeowner, therefore, we will help provide guidance and resource to make sure the FTHB understands the process, especially finding the right loan. We will provide education on the various costs (closing, loan origination, interest rate, etc.) related to a Real Estate loan. The Real Estate loan process is complicated and confusing; we want to make sure the FTHB understands the financing process. We will provide guidance on how to avoid predatory lenders.
The Homeowner
First and foremost, we have to make sure becoming a Homeowner does not cause any un-necessary financial hardship to the FTHB.
We will establish the below steps to successfully qualify for the program:
1. First course of action is to identify the Homeowner needs; work with the Homeowner in identifying their needs and to make sure they are ready for Homeownership
2. We believe Homeownership comes with financial commitment and discipline. With this in mind, we will encourage all FTHB to complete a Personal Financial Course
3. We will recommend resources on Financial Discipline Courses
We will partner with professionals with the appropriate experience/expertise. We will provide guidance and education for our First Time Home Buyers(FTHB) throughout the process of becoming a Homeowner. We will provide educational resources to Federal, State and Local governments, Charitable Organizations, to ensure we are successful.
The Plan
We understand the complexity of becoming a Homeowner, therefore, we will help provide guidance and resource to make sure the FTHB understands the process, especially finding the right loan. We will provide education on the various costs (closing, loan origination, interest rate, etc.) related to a Real Estate loan. The Real Estate loan process is complicated and confusing; we want to make sure the FTHB understands the financing process. We will provide guidance on how to avoid predatory lenders.
The Homeowner
First and foremost, we have to make sure becoming a Homeowner does not cause any un-necessary financial hardship to the FTHB.
We will establish the below steps to successfully qualify for the program:
1. First course of action is to identify the Homeowner needs; work with the Homeowner in identifying their needs and to make sure they are ready for Homeownership
2. We believe Homeownership comes with financial commitment and discipline. With this in mind, we will encourage all FTHB to complete a Personal Financial Course
3. We will recommend resources on Financial Discipline Courses
We may all experience Hardship as life happens. To address this, we have created the Down Payment Assistant Program (DPAP) to assist with this challenge.
Please see Down Payment Assistant Program for details on how it works.
Down Payment and other cost (closing cost, etc.) are some of the biggest road blockers in becoming a Homeowner.
To address this, we will provide educational resources to the prospective First Time Home Buyers(FTHB).
Some States have and provide Down Payment Assistant Program (DPAP) to assist with this challenge. Example is the California Homebuyer’s Downpayment Assistance Program
which is a Deferred Payment junior loan that provides up to 3% of the purchase price or appraised value of the property, that can be use towards the down payment and/or closing costs.
The requirement for the DPAP may varis from State to State, below is the general documents that may be requested.
To qualify for the DPAP, the below documents may be requested:
1. Six month of bank statements of the Homeowner applying for the DPAP
2. One year of retirement account (401k, IRA, etc.) of the Homeowner applying for the DPAP, if applicable
3. All secured and unsecured debt statement(s) of the Homeowner applying for the DPAP. This include Credit Card, Auto Loan, Personal Loan, etc.
To qualify for the DPAP, the below documents may be requested:
1. Six month of bank statements of the Homeowner applying for the DPAP
2. One year of retirement account (401k, IRA, etc.) of the Homeowner applying for the DPAP, if applicable
3. All secured and unsecured debt statement(s) of the Homeowner applying for the DPAP. This include Credit Card, Auto Loan, Personal Loan, etc.
We all know how important Credit Worthiness is and how it affects our ability to participate in the Consumer Market. We know life happens and sooner or later we all find ourselves in
unforeseen circumstances beyound our control that can lead to massive debt. With this challenge in mind, we may have to work together to overcome Credit Challenges.
There are many reputable Debt Consolidation Programs (DCP) that can help if this become a challenge. The benefit of (DCP) is that it helps get you out of debt faster and more importantly,
it saves you thousands of dollars in Interest Payments.
High Credit Utilization (maxing out your Credit Limit) can affect your Credit Scores negatively even if you are paying on time and never missed a payment. The Credit Agencies require Credit Utilization to be at and/or below 30% of your total Credit Limit. Your Credit Scores can be negatively affected with higher Credit Utilization. It is our goal to work with you if this becomes a challenge in securing a Real Estate loan. Please remember, we are here to help and will never look at this as a negative, as we said early, life does happen and we all have found ourselves in situation that we did not planned or expected.
Please give us the opportunity to work with you and do not let this hold you back from working with us. We can do this together.
High Credit Utilization (maxing out your Credit Limit) can affect your Credit Scores negatively even if you are paying on time and never missed a payment. The Credit Agencies require Credit Utilization to be at and/or below 30% of your total Credit Limit. Your Credit Scores can be negatively affected with higher Credit Utilization. It is our goal to work with you if this becomes a challenge in securing a Real Estate loan. Please remember, we are here to help and will never look at this as a negative, as we said early, life does happen and we all have found ourselves in situation that we did not planned or expected.
Please give us the opportunity to work with you and do not let this hold you back from working with us. We can do this together.