New Homebuyer Program Launched in Tucson to Address Low Homeownership Average

Tucson, AZ, October 14, 2014 (Newswire.com) - Ready, Set, Own!, a community homeownership program launching initially in Tucson, AZ,  is designed to help increase the number of American homeowners.  The program is sponsored by Radian Guaranty, Inc., the nation’s largest provider of private mortgage insurance and has the full support of Tucson Mayor Jonathan Rothschild.  "Tucsonans considering buying a home need good information," said Rothschild. "I'm very pleased that Tucson will be the first city to launch the Ready, Set, Own! homebuyer assistance program."

The current national homeownership rate is 64.7%, but in Tucson, that average is only 50%, per the US Census Bureau/Pew Research Center.  Fairway Independent Mortgage Corp. is actively participating in this program and according to Fairway's Regional Manager Dan Yribar, “Tucson was one of the cities most affected by the housing boom and subsequent crash.  Thousands of homeowners found themselves underwater on their mortgage and many ended up in foreclosure. Fairway's Loan Originators have always excelled in educating and counseling Tucson homeowners and prospective homeowners and we’re proud to partner with Radian to assist even more families realize their homeownership goals,” continued Yribar.

"Fairway Loan Originators have always excelled in educating and counseling homeowners and prospective homeowners and we're proud to be partnering with Radian to assist even more families realize their homeownership goals."

Dan Yribar, Regional Manager

The Ready, Set, Own! program will help homebuyers by:

• Identifying barriers and obstacles to homeownership that exist in the community.
   
• Pairing prospective homeowners with credit counselors and mortgage lenders who will serve as co-mentors and strategic guides through the savings and qualification process, as well as help more on the path to responsible and sustainable homeownership.
   
• Providing community education and awareness events.

The program is completely free and is open to any Tucson resident who is considering homeownership. For more information, visit www.readysetowntucson.com or contact Fairway Independent Mortgage at www.FairwayAZ.com or 520-749-3900.

Pictured in photo: Dan Yribar, Fairway Independent Mortgage, Regional Manager and Patrick J. (PJ) Harrigan, Radian Guaranty Inc., Western Division Vice President