Published: September 25, 2008
New Twin Cities' Company is Keeping the Housing Crisis From Shutting the Door on Deserving Homeowners
MAPLE GROVE, Minn., Sept. 25 /PRNewswire/ -- Homebridge, a new company in
Maple Grove, has developed a solution to the credit crunch, foreclosures and
slow economy, all of which are keeping local families from achieving the dream
of owning a home. In this year alone, foreclosures inMinnesota are expected
to increase by 84% to 20,573. After these Minnesotans lose their homes, where
will they live? Furthermore, what about people who want to buy a home, but are
no longer able because the market doesn't allow it due to the restricted
lending criteria and guidelines that have changed for a variety of reasons.
What is Homebridge?
Homebridge is a new company, created to provide solutions to these
questions and ultimately improve the economy of our state by helping
hardworking, responsible Minnesotans own a home. Homebridge offers new homes
for sale on a contract for deed basis using its own private financing. This
private financing acts as a bridge loan until traditional financing becomes
available.
Who qualifies?
Candidates for assistance from Homebridge include people with
less-than-perfect credit due to: a foreclosure, job loss, unforeseen medical
expenses, bankruptcy or those squeezed out of the market because of tightened
lending guidelines. Homebridge services target first and second-time buyers
looking to purchase a home within the $150K-$350K range.
How does it work?
Homebridge uses a multi-faceted approach that evaluates each individual's
credit situation and available mortgage programs. Professionals evaluate and
suggest mortgage programs that allow the individual to purchase a home and
chart a course to qualify for a loan in 24 months or less. Homebridge experts
teach the buyer the intricacies of the credit system and provide the tools
necessary to improve his or her credit score quickly. This process includes
removing derogatory information from the credit report while also tailoring a
budget to fit the buyer's lifestyle and ultimately improve his or her credit
score.
Buying a home with Homebridge
After a mortgage and credit plan have been created, the buyer is able to
browse Homebridge's existing inventory of homes or work with one of the
company's designers to build a new home. With its partners, Homebridge is able
to provide hundreds of homes or ready-to-build lots. Land acquisition
specialists are constantly searching the state to find the very best lots
which are added to the Homebridge inventory constantly. We have a variety of
lots and standing inventory in the entireTwin Cities metro area and new areas
throughout the state ofMinnesota will constantly be added.
Homebridge Passes on the Savings
Because Homebridge is one of the largest purchasers of lots inMinnesota
and contracts for the construction of more new homes than any other entity,
the company is able to enjoy substantial savings and pass those savings on to
its clients. As a result, buyers are able receive real value on the homes they
purchase.
Homebridge -- The Home Team
Homebridge is proud to partner with Providence Home Building and Design
whose ownership has built more than 1,000 homes inMinnesota in the past 12
years and is recognized for offering the highest quality homes for the best
price. Todd Rooker is Homebridge's in-house credit repair specialist and debt
management counselor with more than 15 years experience as the state's expert
in all issues relating to credit and debt. Katie Wilson serves as the team's
on-staff mortgage specialist with years of experience.
For more information about Homebridge log onto http://www.homebridge.us.
SOURCE Homebridge
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