Homestead Mortgage & Military Veterans
HOMESTEAD MORTGAGE, L.C. AMONG FIRST TO PARTICIPATE IN NEW MILITARY FAMILY HOUSING EDUCATION PROGRAM
Course aims to educate the banking & housing community on the
unique circumstances of the military homebuyer
WASHINGTON, D.C. - USA Cares has launched a new education course designed to provide loan officers, realtors, housing counselors and professionals with a clear understanding of how to work with military clients. Homestead Mortgage, L.C. is pleased to have a graduateof this new program and be among the first lenders to offer this level of expert customer service to military men and women. Through the USA Cares Military Family Housing Education Program - accessed online at www.usacares.org, Housing tab - the course provides the tools and knowledge needed to effectively work with military borrowers, especially in a fast-paced and competitive market. It also includes timely advice for housing professionals regarding foreclosure prevention, with tips they can give their clients to help them avoid mortgage delinquencies in the future.
“This course aims to put greater numbers of military families into affordable homes through knowledgeable housing professionals who understand the unique circumstances brought about by military service” remarked USA Cares Executive Director Bill Nelson.
The course’s author, Beverly Ray Frase, has a strong background as loan officer, real estate broker and career army wife. “I’ve been on all sides of the home buying process,” says Beverly. “I know where the speed bumps are, especially for our military men and women. Working with a certified housing professional should move them down the path to an accurate and timely closing.”
The course helps lenders makes sense of the military language, rank and pay system. It even outlines what happens when a service member is injured, and explains how their pay will continue during hospitalization and treatment. Earning the Certificate of Completion for this course indicates a significant knowledge base that active duty service members and veterans can rely on for prompt and accurate service of their housing needs. Certified Participating Lenders and Realtors will adhere to specific Standards of Practice, representing a commitment to provide quality service to military borrowers.
USA Cares is no stranger to supporting the homeownership goals of military families. “We’ve paid out over one million dollars to save military family homes from foreclosure in the past three years,” said Jennifer Robinson, USA Cares Director of Assistance. “This new effort will help reduce the need for such assistance by supporting military borrowers as they work together with certified housing professionals to make affordable and sustainable housing decisions.”
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