This was a rare feeling for Ethel who was a strong woman of faith. Peace and hope were second nature to her, but
her bank had just called and told her that her mortgage was being
declined. She and her husband had
planned on moving into their new home that weekend – everything she owned was
already boxed up – and now the whole plan was crumbling around her without
warning. This disappointment had her
wondering if a home purchase was God’s will for her after all.
Ethel’s Realtor had also been surprised by the news, but he
wasn’t one to admit defeat easily. Instead,
he sent Ethel to me, hoping that we could make a miracle happen. Not only did we need to find out what went
wrong with the previous bank and fix it, we also needed to help Ethel find down
payment assistance. The home buying
process had been more expensive than expected causing her down payment money to
be absorbed with unexpected costs.
A miracle was what was needed, and a miracle was what
was given. We found the flaw in the
other bank’s thinking and re-arranged her financing plan to work around
it. We enrolled Ethel in IHCDA’s down
payment assistance program and got her the funds needed to cover the unexpected
shortage. It wasn’t easy and all parties
had to work together, but a month later, Ethel and I met up for a much happier
occasion – the moment when her Realtor handed her the keys to her very own home.
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