SOUTH BEND, IN — Many Americans have been shut out of the mainstream paths to homeownership, missing out on the key way families build wealth. There are desirable houses that cost less than $80,000 and potential buyers who want them, but banks are uninterested in originating mortgages for these low-cost properties due to regulation and profit structures. Consequently, many prospective homeowners are left to either continue renting, earning no equity, or to find seller-financing, a field with its own significant issues.
Hurry Home offers a different way: They work with people who are interested in owning where they live and taking on the responsibilities of ownership. They match single-family rental investor properties valued at less than $80,000 to families who want to own their home in a modified, non-predatory rent-to-own contract.