This petition is designed for first time home buyers who meet the following criteria:
1) Have proof of rental history for a minimum of five (5) years with no evictions.
2) Have proof of current employment for a minimum of three (3) years.
3) Have student loan debt in excess of $20,000.00.
Once worthy and well qualified, duly and truly prepared candidates are received and passed they would have their credit score raised by 150 points to qualify for lower interest rates for mortgages not to exceed 120% of their current rent/lease agreement.
This petition is not Credit Amnesty as you need to pay your debts nor shall it be used to obtain "Sub-Prime" mortgages however it is a rule and guide to assist lenders in finding quality buyers in a tough economy who have had economic setbacks.