Due to the potential dangers of the COVID-19 Pandemic, Face to Face Counseling Sessions and Group Education Workshops will be offered via telephone or virtually until further notice. For more information, please click here.
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What is the pathway to homeownership program?
A voluntary program offered by Center Creek Capital Group in partnership with D&E Power and Freddie Mac.
P2H provides Residents of Center Creek homes with free credit counseling and group education from D&E, up to $2,500 in a savings match for a down payment, and up to 3% of closing costs.
Residents must qualify under Freddie Mac guidelines and be renting a house owned by Center Creek at time of enrollment and purchase. To learn more about this program, please click here .
How does P2H Work?
1. P2H provides Residents of Center Creek homes with free credit counseling and group education from D&E.
2. D&E will help the Resident set up a savings account into which they’ll need to put at least $25 a month to receive a savings match.
3. The Resident can get up to $2,500 in matched savings for down payment assistance and up to 3% of closing costs depending on how many on-time monthly rental payments they make.
4. The minimum time before Residents can purchase their home is 2 years (24 months) but Residents will have 36 months to purchase their home once they enroll in P2H
HOW LONG DOES THIS PROGRAM TAKE?
The minimum time before Residents can purchase their home is 2 years (24 months) but Residents will have 36 months to purchase their home once they enroll in P2H.
If a Resident does not complete the P2H program, all money saved by the Resident in their savings account is theirs to keep, and they can withdraw it at any time.
Resident can also remain a Renter within Sylvan Homes and the Center Creek Portfolio.