WEALTH STARTS HERE
Helping Your Most Important Assets Invest In Theirs
WHO WE ARE
ORO Impact helps employers develop and administer customized and cost-effective down payment assistance programs allowing employees to create wealth through home ownership, while offering employers a powerful tool to improve recruitment, loyalty and retention.
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Oro Impact partners with state and local governments to make it easy to develop and implement high quality and cost-effective down payment assistance programs to help residents overcome barriers to home ownership and help governments attract key workers to their communities.
BUILDING WEALTH
For most Americans, home ownership is the key to building wealth. Home equity is not only the leading source of household wealth, but it can provide a cushion for unforeseen financial challenges and can provide funding for education, health care, other real estate or starting a business. Home ownership is an investment in individuals, families, communities and the future.
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But for many, home ownership is out of reach. Not because they can’t afford the on-going costs of home ownership, but because they can’t afford a meaningful down payment to keep monthly housing costs in line with the costs of renting. A meaningful down payment is the leading barrier to home ownership.
That’s where ORO Impact comes in. We’re here to help.
DOWN PAYMENT ASSISTANCE IS NOT NEW
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Many lenders allow home buyers to make small down payments – but this just increases the monthly cost through higher mortgage payments and private mortgage insurance (PMI) making home ownership less affordable.
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Some companies have begun offering rent-to-own or shared appreciation programs (where a third party will advance a portion of the down payment in exchange for a portion of the proceeds of the home when its sold). These programs help, but can be capital constrained and limited in their reach.
Recognizing the tremendous need and value in offering down payment assistance programs, some employers offer their employees down payment assistance through deferred interest or forgivable loans. State and local governments also offer down payment assistance for residents.
ORO Impact partners with employers and governments to expand and support these programs.
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