NewsNational Mortgage Lender Extending $20B In Loans To Black Borrowers Through 2028...

National Mortgage Lender Extending $20B In Loans To Black Borrowers Through 2028 –

Program aims to provide access to mortgages and financial resources to help more Black families buy homes.

The remaining $17.75 billion will go to potential Black homebuyers. This includes helping them conquer systemic barriers that have sustained homeownership gaps for many years.

HOMEOWNERSHIP RATE LOWEST FOR BLACK AMERICANS

Company Co-Founder and CEO Patty Arvielo stated, “For us, this is much more than a rebranding of the initiative. This was a necessary step to demonstrate our responsibility to the Black community.”

She added, “NAF Black Impact means that we commit to providing access to mortgages and financial resources to help more Black families achieve homeownership. By providing the necessary support, we believe that we can make a difference and create a more equitable society for all.”

ADDRESSING UNIQUE NUANCES BLACK COMMUNITY FACE
   NAF declares that its pledge to the Black community differs from that of other lenders because it customizes processes and programs specifically to address the unique nuances of “buying a home while Black.”
  Mosi Gatling, NAF Senior Vice President of Strategic Growth, says the business has consciously decided to approach lending to the Black community in a way that is just as diverse as the people.
  “The industry in the past has pigeonholed Black homeownership as “assistance or affordable housing,” but Black ownership is much more than that, and the Black community deserves an experience from application to closing that is more than they’ve been provided in the past.”
EVOLVING AND PROVIDING FAMILIES MORE SUPPORT

 The business report will also provide the Black community with access to educational resources, products, services, partnerships, and in-market support to drive sustainable home buying and investment purchase goals.
Gatling reflected, “It’s time to evolve because Black homeownership isn’t a one-size-fits-all. Buying a home shouldn’t project poverty or revictimize a group of people that we are claiming to serve.”
  She said, “We want NAF to become where all Black families feel comfortable and supported in their homeownership. We want them to know that NAF is here for them.”
  Gain more details about the program here and apply at this place.
 

Source: Black Enterprise

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