-- Home Helpers Properties is on a mission to help more people in Louisiana become first-generation homeowners by offering homes with owner financing. It’s seen as an alternative for individuals who are looking for houses for rent in New Orleans or rent-to-own homes after being rejected by traditional banks and lenders for mortgages in the past. The company has already assisted 1,586 households with over $10 million in financing committed, averaging at just 17 days to move in.
Many people want to buy a house, but things get in the way and prevent them from getting the home loan necessary to make this purchase - despite the fact that they’ve previously paid rent that’s equal to or more than the mortgage they’re trying to get. What Home Helpers Properties aims to do is transform the homeownership landscape with owner financing, a unique way to help more people buy and own homes right away, and turning renters into owners.
Commenting on the matter, a spokesperson for Home Helper Properties said:
“We feel that if you have stable employment or a documented career and can afford to pay $1,400–$2,000 a month in rent, you should be a homeowner - regardless of past credit issues or limited savings.”
Owner financing means the buyer agrees on a purchase price with the seller (in this scenario, Home Helpers Properties) and then finances with the seller. It’s seen as an alternative to getting a traditional mortgage - and anyone who buys a Home Helpers Properties home gets complete home ownership from day one. That’s how this differs from rent-to-own properties, which follow a similar approach, but the individual pays the seller monthly rent and does not claim any ownership until later down the line if they decide to buy the house.
Prospective homeowners can make downpayments to reduce their monthly payments, though Home Helpers Properties also offers no-down-payment options for buyers who prefer to avoid additional upfront costs. The entire concept is revolutionizing the property market in New Orleans by making homes more accessible to a wider group of people. It’s specifically designed for people who’ve had credit trouble in the past, and therefore has made it impossible for them to get a traditional mortgage loan.
The company also specializes in providing help for veterans, with the Managing Partner (Brian Mahon) being the only VA-certified lending specialist in Louisiana offering owner financing. This means that veterans who’ve been denied traditional VA loans still have a viable path to homeownership, and as the numbers show, the average veteran buyer needs only $1,272 to close. By contrast, this figure is $5,286 for non-Veterans.
When asked about why the company has such a heavy focus on helping Veterans, Mahon said:
“As a graduate of former Pennsylvania Military College, Widener University, and the only VA-certified lending specialist in Louisiana offering owner financing, I have a personal commitment to making sure the men and women who served this country have every possible path to homeownership.”
Tailored financing plans and credit assistance programs are also available to help even more people buy a home. Home Helpers Properties has many different homes available within the New Orleans area, ranging from small cottages to 3-5 bedroom, or 1 or 2-story homes. Further details can be found on their website.
About Home Helpers Properties
Home Helpers Properties is a company that wants to break down barriers and make homeownership easier for people to access. With over 16 years in business, HHP owns a variety of properties throughout Louisiana and offers them to people with owner financing. The company is on a mission to convert as many home renters into homeowners as possible, while also providing lots of educational resources and alternative financing options.
Contact Info:
Name: Robyn Gilliam
Email: Send Email
Organization: Home Helpers Properties
Address: 1551 Magazine St, Suite B, New Orleans, LA 70130
Phone: (504) 301-6540
Website: https://homehelpersproperties.com/
Release ID: 89194458
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