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Do you look at a borrower’s assets?

We do not. Participating lenders must assess a borrower’s ability to repay based on their income and credit history but we do not consider or limit the size of the assets they may hold. Borrowers qualifying for conventional loans may even have an interest in another property as long as their primary residence will be the one purchased using HomeNow. By not applying an “asset test” and providing enough assistance to meet or exceed the down payment requirements, HomeNow allows borrowers to save for a rainy day, unexpected repairs or future investments.