Partnering with SunTrust to Improve Local Market Access to Housing Funds
Nearly a year in development, NID Housing and SunTrust, in collaboration with Fannie Mae, have created a program to reach low-to-moderate borrowers in the Atlanta and Miami metro areas. This innovative program offers our clients, if applicable, access to a mortgage product requiring just 3% down payment on the purchase of a new home.
We will have four certified branch offices participating in this initiative which will:
- Offer no-to-low cost housing counseling and education by NID-approved housing counselors;
- If applicable, discuss the SunTrust and Fannie Mae product offering;
- Assist clients through the process of applying for these products; and
- As always, assist in meaningful ways before and after real estate transactions to best achieve our clients’ goals.
NID Housing operates our HUD-approved National Intermediary housing counseling and education services across the country so that we can provide very particular solutions for local markets. Our collaboration with SunTrust is an example of finding a need in the Atlanta and Miami metro areas, and addressing it with industry partners.
NID’s national presence enables us to have a keen understanding of local micro-market dynamics and particularized solutions.
— Danny Felton, NID Branch Office Manager and Advisory Committee Member, Miami Gardens, FL