The purpose of the Homebuyer Assistance Program is to provide assistance for those interested in purchasing a home. This policy is also designed to protect potential homebuyers from predatory lending that may strip equity through illegal and unethical practices.
Predatory Lending Practices
Predatory lending practices may include, but are not limited to:
Excessively high fees and commissions
High interest rates
Misrepresentation of the mortgage terms and conditions