State-run Mortgage Assistance Program Ending
January 23, 2020
According to the Georgia State Department of Community Affairs, it will be ending one of its major mortgage assistance programs by the end of March 2020.
HomeSafe Georgia, citing depleting funds, will stop accepting applications on March 31, 2020, marking an end to a decade of helping families realize the American dream of home ownership. In that time, HomeSafe has helped over 15,000 homeowners purchase a new home, with more than 99% of the program participants in their homes after two years.
Established in 2011, HomeSafe Georgia serves as the funding source to disburse over $350 million in federal funds to put people in homes. The program has a reported $12 million remaining.
To learn more about the program and/or to direct potential homeowners to the application, visit HomeSafe Georgia here.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact email@example.com.