GAITHERSBURG, Md., Dec. 6 /PRNewswire/ -- The Association for Homeowners Across America (AHAA), the nation's first and only non-profit, non-partisan membership organization for homeowners and homebuyers, announced today that Colorado Springs residents Pete Lopez and Bridget Jaramillo will receive a downpayment gift to help with the purchase of a new home. Each month, AHAA awards a downpayment gift through its FreshStart program. Lopez and Jaramaillo, both in their mid-twenties with children ages 5 and 7, have had recent disputes with their current landlord regarding the poor condition of their rented residence. The conflict has prompted the couple to purchase their first home, though they lack the downpayment funds necessary to close the deal. "AHAA is happy to help this young couple realize the dream of homeownership. Through the FreshStart program, this family will no longer face many of the challenges that come with renting a home," said Robert Newman, Executive Vice President and COO of AHAA. The Association for Homeowners Across America formally launched the FreshStart program on June 21, 2005, in New York City, after a trial period that began in January. Each month, loan officers may submit FreshStart applications online to the association, nominating customers who are already pre-qualified for a mortgage to receive a gift to be applied to downpayment or closing costs. AHAA reviews the submissions and awards the cash gift to families or individuals based on their need and circumstances. The gift is the equivalent of three percent of the price of the home being purchased and does not require seller participation, or to be repaid. For more information on AHAA, or to download an application for the FreshStart program, please visit http://www.ahaanow.org. About AHAA The Association for Homeowners Across America (AHAA) was created to represent the needs and interests of homeowners and homebuyers and help them protect what is likely their greatest financial asset. No other organization similarly represents this segment of the American public. AHAA is a non- profit, non-partisan membership organization created to serve as a one-stop, expert resource to help educate Americans about home ownership and provide them the services they need to protect their investment and make their voices heard on important policy and legislative issues. The association is headquartered just outside Washington, DC in Gaithersburg, Maryland.
SOURCE Association for Homeowners Across America