At Steadworth, we believe that everyone deserves the opportunity to achieve the dream of homeownership. We are committed to making a positive social impact by expanding access to homeownership and empowering individuals and families to build wealth and financial security.
Our Mission
Our mission is to break down the barriers that prevent many creditworthy individuals from becoming homeowners. We recognize that the traditional down payment requirement can be a significant obstacle, often leaving aspiring homeowners feeling discouraged and stuck in the cycle of renting. Through our innovative Home Wealth Share program, we aim to bridge this gap and provide a pathway to homeownership for those who may not have the means to save a large down payment.
Positive Impact on Communities
Expanding access to homeownership has numerous positive effects on communities:
Increased Economic Stability: Homeownership promotes financial stability for families and individuals, leading to increased investment in local businesses and the overall economy.
Stronger Communities: Homeowners tend to be more invested in their communities, leading to increased civic engagement, volunteerism, and neighborhood improvement initiatives.
Improved Educational Outcomes: Studies have shown a correlation between homeownership and improved educational outcomes for children, as stable housing provides a more conducive environment for learning.
Reduced Crime Rates: Homeownership is associated with lower crime rates, as homeowners have a vested interest in the safety and security of their neighborhoods.
Steadworth's Role
Steadworth's Home Wealth Share program plays a vital role in expanding access to homeownership by:
Lowering the Barrier to Entry: We provide down payment assistance, making it easier for aspiring homeowners to enter the housing market.
Reducing Monthly Housing Costs: By helping homeowners avoid PMI and potentially secure lower interest rates, we reduce their monthly housing expenses and improve affordability.
Promoting Wealth Creation: Our shared appreciation model allows homeowners to benefit from the potential increase in their home's value over time, building wealth and financial security.
We believe that homeownership is not just about owning a property; it's about building a better future for individuals, families, and communities. Steadworth is dedicated to making a positive social impact by empowering people to achieve their homeownership dreams and contribute to the well-being of their communities.