Did you know that one of the major reasons a new homeowner may stay on the sidelines is because of their student loan debt? Those monthly payments can be a roadblock to obtaining a mortgage loan or affording a housing payment. But what if we had a solution that could make owning a home a reality?

That solution is SmartBuy, a loan program that provides a grant for up to $40,000 to eliminate student loan debt and offers an additional $5000 to use towards closing costs and downpayment. While this may seem too good to be true, we can assure you it is a real option for the right client. So, what exactly are the requirements to qualify? Here are a few highlights:

• You must have at least $1,000 in student loans.

• Student loans must be current (or deferred).

• ALL student loan debt — up to $40,000 — must be paid off at closing.

• Qualifying borrowers must meet income and purchase price requirements based on county and property type. On average, that’s around $134,500 income and $610,900 purchase price for a single-family home.

In addition to student loan repayment assistance, there are a few other perks to the program including:

• No interest and no repayment required for student loan debt relief if the property is owner-occupied for 3 years.

• The additional $5000 in downpayment assistance is a 0% second mortgage due and payable when the home is sold or refinanced (this is an optional feature and not required).

This is just another example of a new option that you bring to your sphere of influence that may be just what they need to make owning a home in 2025 a reality. I can work side by side with you and your clients to find the best loan program, structure and options that work for them — not some one-size-fits-all approach. That is what makes having me as a financing partner your secret weapon to making YOU invaluable to your clients.

So as we enter the holiday season, give the gift of homeownership to someone who didn’t think it was possible. Connect with me today and make someone’s dream a reality!