Arvest First to Fund Customer Loan Closing with Joplin Homebuyers Assistance Program

Monday, November 04 at 02:15 PM
Category: Arvest Community News

Arvest Bank is pleased to announce it has fully funded the first loan closing with the Joplin Homebuyers Assistance Program. The Joplin Homebuyers Assistance Program was created to allocate a portion of its grant funds for homeownership programs to repopulate the tornado-affected area, increase the number of affordable housing unit and to improve the opportunities for homeownership for low and moderate income families.

JOPLIN, Mo. — On Friday, Oct. 25, Arvest Bank fully funded the first loan closing with the Joplin Homebuyers Assistance Program.* The Joplin Homebuyers Assistance Program was created by the City of Joplin to allocate a portion of its U.S. Department of Housing and Urban Development (HUD) Community Development Block Grant – Disaster Recovery (CDBG-DR) grant funds for homeownership programs to repopulate the tornado-affected area, increase the number of affordable housing units and to improve the opportunities for homeownership for low and moderate income families.

“Arvest is pleased to announce that we have fully funded the first J-HAP loan in the city of Joplin,” said Cheryl Roderique, Mortgage Loan Manager at Arvest Bank in Joplin. “The City of Joplin has provided a great program to ensure our community continues to grow and rebuild. We encourage anyone who thinks they may qualify for the J-HAP program to contact Arvest with any questions.”

“This first J-HAP loan closing shows that Arvest is committed to helping the City of Joplin rebuild in the affected areas from the May 2011 tornado,” said Kasey Cowger, Mortgage Lender in Joplin who closed on the J-HAP loan. “We are committed to helping individuals reach their goals of homeownership and want to continue helping our community.”

Amanda Harlin, and son Isaiah, have moved into their new home in Joplin. Amanda works for the Joplin School District and could not be happier with the process. “I would not have become a home owner if it hadn’t been for Arvest,” Harlin said. “The process of applying for the J-HAP loan went very smooth and with the help of my lender, Kasey, we were able to get into our home quickly.”

To qualify for J-HAP assistance to purchase a home, one must adhere to eligibility requirements which include your household annual income must not exceed 120% of the median income for the City of Joplin; you must have the financial ability to secure a first mortgage with a financial institution or mortgage company. J-HAP funds provided by the City of Joplin can be used for down payment assistance and/or closing costs; and applicants must complete all necessary forms required by HUD and the City of Joplin prior to proceeding through the J-HAP application and eligibility verification process.

Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Home Loans, Joplin, Missouri, Press Release
There are no comments associated with this entry.

Post a Comment

  •  
  •  
  • Website Address:
  •  

Choose one or more categories to subscribe to:




Cancel