It is incredibly important to get pre-approved before starting the home-buying process. In this video, Washington Trust Bank Residential Loan Officer Joseph Portillo shares why getting a pre-approval is important and how it helps set you up for successful homeownership. He also shares what documents you will need to provide for pre-approval consideration. Washington Trust Bank is one of our five mortgage lender partners. To learn more about buying one of our Rooted at Simpson homes and getting pre-approved, visit our website here: https://rootedhomes.org/.
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RootedHomes is dedicated to offering access to quality homes to FIRST-TIME homeowners who have been locked out of homeownership and the wealth-building and stability it creates. In fact, a significant number of our homeowners are first-generation homeowners, meaning they are purchasing a home for the first time, and their parents do not currently own property in the United States.
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Purchasing your first home is an exciting but overwhelming process. Take it step by step and refer to the document we've provided outlining the necessary steps to prepare for the Rooted at Simpson lottery opening on July 15th. These initial six steps mark the beginning of your journey toward owning a home. For a complete list of steps, click here: https://lnkd.in/gRWkActx
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Our Rooted at Simpson housing lottery will open on July 15th, and you may have questions regarding how it works. RootedHomes employs a lottery system to randomly select recipients with specific prioritization criteria. Applicants can earn up to four lottery points based on three qualifications: • First-time homebuyers classified as first-generation (meaning neither you nor your parents do not own property in the United States) receive one preference point. • Housing Works clients, including Section 8 voucher holders or individuals residing in Housing Works-owned properties, receive one preference point. • Employees of our Employer Partners receive two preference points. Each community has designated employers who have committed to sponsoring homes for their employees. For Simpson, our Employer Partners are Mosaic Medical, St. Charles, Mid-Oregon Credit Union, and BASX. Following the closure of the application period, all eligible applicants are assigned a random number and added to the lottery system. The lottery then categorizes applicants into tiers based on the number of preference points they have received. The highest tier consists of 4-point applicants, followed by 3-point applicants. The lottery first selects applicants with the highest number of points and then moves down the tiers based on the available number of homes. RootedHomes also establishes a waitlist of two positions per home. The housing lottery is open to everyone, and RootedHomes upholds a non-discriminatory policy with respect to race, color, religion, sex, handicap, familial status, or national origin. You can learn more by visiting our website by clicking here: https://rootedhomes.org/
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At RootedHomes we were honored to be a part of this tour and to have the opportunity to bring more affordable housing opportunities to Central Oregon's workforce.
My favorite part of my job is sharing good news and meeting with local leaders and community residents at the forefront of the nation’s housing challenges - and opportunities! Today I had the honor to announce a $5M award from the U.S. Department of Housing and Urban Development to the City of Bend to help lift barriers to affordable housing under HUD’s new PRO Housing grant progam. Public sector leaders, housing providers and community residents couldn’t have been more thrilled - they shut down a downtown block for the “big check” announcement, and big smiles all around! Thanks to Mayor Melanie Kebler, Mayor Pro Tem Megan Perkins, Housing Director Lynne Lloyd McConnell, and HUD Field Office Director Bryan Guiney for your hospitality and the great work you are doing to make Bend vibrant, affordable, and inclusive!
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RootedHomes is dedicated to offering access to quality homes to FIRST-TIME homeowners who have been locked out of homeownership and the wealth-building and stability it creates. In fact, a significant number of our homeowners are first-generation homeowners, meaning they are purchasing a home for the first time, and their parents do not currently own property in the United States.
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If you are interested in participating in the Rooted at Simpson housing lottery, which opens on July 15th, you must complete an information session. We host these sessions multiple times every month in both English and Spanish. It is not too late. Register today for one of our next sessions. https://lnkd.in/gy7-NKJi
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RootedHomes is dedicated to offering access to quality homes to FIRST-TIME homeowners who have been locked out of homeownership and the wealth-building and stability it creates. In fact, a significant number of our homeowners are first-generation homeowners, meaning they are purchasing a home for the first time, and their parents do not currently own property in the United States.
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If you are interested in participating in our Rooted at Simpson lottery, opening on July 15th, you must attend an information session. Here are our upcoming dates in July. Please register here: https://lnkd.in/gXy83VTA
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Reminder: Please share your feedback so we can build a community that meets the needs and wants of our priority populations! Your input will be incorporated into the designs and site plan for Rooted at Antler, which is coming to Redmond. The survey is open through July 12th, 2024. PLUS, everyone who completes the 5-minute design survey will be entered into a raffle to win $50 Fred Meyer gift cards. RootedHomes is committed to designing homeownership communities that fit the needs of our priority population—Black, Indigenous, and People of Color earning less than 80% AMI, with family housing needs. Click the link in our bio to complete the survey.
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