National Homeowners Association Donates Downpayment to First Time Home Buyers

Dec 06, 2005, 00:00 ET from Association for Homeowners Across America

    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
     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