1. Expanding HFA Reach In Homeownership
A Realtor’s Perspective
Dawn Williams-Bobo, Broker

2. The Gap Closing Tools! HFA BOND Mortgage Tax Credit Certificate
Mortgage Par Plus Pricing

3. The Bond As A Tool?

4. Assist with closing costs
The Bond As A Tool – PROS!
Closes the Gap between loan amount and Sales price
Assist with closing costs

5. The Bond as a Tool- Cons High Access Cost Higher Interest Rate
Repayment
Score Driven

6. The Mortgage Tax Credit As A Tool?

7. The Mortgage Tax Credit – PROS!
Great Program that assist in increasing affordability
Used to decrease monthly payment
Equivalent to a $40,000 grant towards purchase

8. The Mortgage Tax Credit – CONS!
The application required by lenders is tedious
No financial incentive for lenders to participate

9. LENDER’S PAR PLUS PRICING AS A TOOL?
$$$
Lender Credit

10. This product is a viable alternative to BOND
PAR PLUS PRICING – PROS!
This product is a viable alternative to BOND
Yields similar contributions to closing costs
Similar interest rate
There is no repayment

11. Dawn’s Takeaways!

12. HFA’s Need to understand and respond to changing markets
Dawn’s Takeaways!
Direct Communication with Realtor Network via Realtor Boards
HFA’s Need to understand and respond to changing markets
Make products less costly
Increase Network of Lenders

13. Dawn Williams-Bobo, Broker
THANK YOU!
Dawn Williams-Bobo, Broker
7310 W Mcnab Rd 3209
Tamarac, Florida 33321