Mountain West Financial Celebrates June as National Homeownership Month

Mountain West Financial celebrates June as National Homeownership Month. We take pride in helping families in our communities achieve the American Dream of Homeownership. Offering a variety of financial options to homebuyers, remodelers and first-time buyers including many different Mortgage Loans, Home Improvement Loans, over 150 down payment assistance and more!

Recognition of homeownership began as a week-long celebration in 1995, and was later proclaimed to last the entire month of June in 2002 under former President George Bush. Here is an excerpt from his proclamation:

“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”

“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.”

“During National Homeownership Month, I encourage all Americans to learn more about financial management and to explore homeownership opportunities in their communities. By taking this important step, individuals and families help safeguard their financial futures and contribute to the strength of our Nation.”

According to the California Association of Realtors, since its creation in 1934, the Federal Housing Administration (FHA) has helped more than 46 million Americans purchase or refinance their homes.  Last year alone, FHA insured more than 1.2 million home loans, totaling $245 billion. An estimated 40 percent of all first-time homebuyers use FHA; 47 percent of home purchases by African American households are FHA-insured borrowers; and nearly half of Hispanic homebuyers rely upon an FHA-insured mortgage to purchase their homes.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.