article thumbnail

First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. Cincinnati-based First Financial Bank has agreed to direct $2.4 The bank will continue to provide quantitative and qualitative reporting on the plan.

Investing 318
article thumbnail

Down Payments: Bigger Isn’t Always Better

Will Springer Realtor

The math: 4% a year x 5 years = 20% price appreciation; 20% of $800,000 is $160,000, or $960,000 for the same home in 2028 x 3.5% = a down payment of $33,600. Working with a competent loan consultant, housing counselor, accountant and real estate broker can go a long way to setting up buyers for home-purchase success.

Buyers 36