Rants & Gems #64: A Mortgage Loan Just For Black Borrowers
Rants & Gems Real Estate Podcast
EYL Network
4.9 • 1.3K Ratings
🗓️ 15 September 2022
⏱️ 74 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
@legacyhomeloans just launched “Special Purpose Credit Program” (SPCP) for Black people who want to become homeowners. The new program is called CLOSING the GAP.
The program requires a 1% down payment, with free appraisal, free home warranty program, free pre-purchase homebuying counselling, free post-closing homebuying counselling, financial assistance with closing cost.
The CLOSING the GAP loan program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. The underwriting guidelines are based on the borrower’s income with a minimum credit core of 620.
LEGACY’s SPCP loan program will be piloted in six (6) U.S. Metropolitan cities: Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia
//Link to Real Estate Expo in Chicago 9/17/22: https://www.universe.com/events/the-home-buying-expo-tour-chicago-edition-tickets-N0DCX1
//Link to LISTEN to Rants & Gems Podcast: https://stream.redcircle.com/episodes/7e393882-b506-459c-b722-0aa32411616e/stream.mp3
//Rants & Gems Official Instagram: https://www.instagram.com/rantsandgems_/
//MG The Mortgage Guy Instagram: https://www.instagram.com/mgthemortgageguy/
//Quiana Watson Instagram: https://www.instagram.com//quianawatson/
Thanks for listening!!
This episode is sponsored by Emporia Energy
https://www.emporiaenergy.com/
https://rants-and-gems.mn.co/
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
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| 0:00.0 | all right guys so look if you're trying to reach a larger audience we need you guys to |
| 0:20.8 | advertise with rants and gems we are the number one real estate podcast out here and we |
| 0:27.0 | have an amazing audience of people that would love to service and work with your business |
| 0:31.2 | absolutely so we need you guys to email Jordana at rants and gems.com she's going to hand |
| 0:37.7 | you everything we want to make sure that your your ads and your business gets seen to the world |
| 0:42.9 | so email Jordana at rants and gems.com let's go welcome welcome welcome back to another |
| 0:53.1 | incredible episode of the rants and gems podcast my name is Matt Garland and I'm a less |
| 0:59.4 | number five eight seven zero zero better known as mg the mortgage guy and my name is Kiana Watson |
| 1:05.8 | license number three one seven five seven six broker extraordinaire and we are ready to jump |
| 1:11.4 | right into it today right look Jordana I mean Jordana is ready I'm ready. |
| 1:17.7 | Janna's ready tux is ready listen gym droppers drop some gems in the comments if you guys are ready |
| 1:25.9 | for tonight's episode this is going to be incredible to say the least I would say to say the least |
| 1:33.1 | incredible this is going to be a game changer for so many people and it's just like this is like |
| 1:39.1 | excellence at its finest you guys to get this information from the person that owns the company |
| 1:45.4 | and to be able to learn more about his history who he is and what he has contributed to the world |
| 1:50.8 | of real estate it's about to be mind blowing once you guys to get your pen and paper out prepare |
| 1:56.5 | yourself to take notes but also tag people tag ten people you feel need to understand and know more |
| 2:03.5 | about this mortgage product and about the real estate industry so they can join in do not be selfish |
| 2:09.1 | with this information now please don't be selfish you and Kiana everybody knows that me and Kiana |
| 2:15.4 | are home ownership advocates we preach ownership at the highest level online especially in our community |
| 2:23.1 | and tonight is going to be nothing different but first you know I want to share some slides with |
| 2:27.7 | you guys you know we like to give you our some visuals at the at the same time shout out to |
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