A structured first-time homebuyer solution supported by family equity
For many first-time buyers, the biggest barriers to homeownership are simple: cash to close and monthly affordability.
Buy Now, Family Backed is a purchase-only financing solution that allows qualified first-time buyers to purchase a home by including a qualified immediate family member who is a homeowner to participate in the transaction*.
*Program applicable for parts of Illinois, Indiana, Michigan and Wisconsin.
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The Problem
Today’s first-time buyers aren’t short on effort—they’re short on opportunity.
Although many homebuyers could afford a mortgage payment, unfortunately due to the challenge of saving for a down payment while renting and dealing with limited inventory that is affordable, there is a struggle to take that next step.
Oak Leaf Community Mortgage is committed to being a solution-based lender—
and Buy Now, Family Backed is one more way we’re helping families create a path to homeownership.
What is Buy Now, Family Backed?
Buy Now, Family Backed is a purchase-only home financing solution that helps qualified first-time buyers by including an immediate family member in the transaction and incorporating family home equity as part of the loan structure.
All borrowers are fully underwritten, and the program is designed to create a path of homeownership while overcoming the affordability challenges and cash-to-close barriers.
How it Works
1
Buyer identifies a home to purchase.
2
A qualified immediate family member participates in the transaction.
3
Oak Leaf incorporates family equity and affordable loan terms through our unique program.
4
Both properties are reviewed, and all parties are fully underwritten.
5
The result is a structured path to homeownership with a clear, upfront understanding of the process.
Who It’s Designed For
Buy Now, Family Backed may be a fit for:
- First-time homebuyers who have stable income.
- Families of the first-time homebuyers who own a home with equity.
- All parties to have shown an ability to repay debt.
The Oak Leaf Community Mortgage Difference
Most lenders offer a narrow set of options.
Oak Leaf Community Mortgage is built around a different approach:
Structure. Discipline. Solutions.
Buy Now, Family Backed is part of the Buy Now Solution Suite—a platform of lending solutions created to help more families achieve homeownership through well-designed financing strategies.
