It has long been said that owning a home is part of the American Dream. For many the realization of this dream is delayed by discouraging obstacles. Opportunity Resource Fund not only provides loans for individuals and families unable to borrow from traditional lenders, but also offers personalized support to those facing challenges on the path toward realizing their dream of homeownership.
In the fall of 2012 LeeAnna Rocha, after learning about the Fresh Opportunity Mortgage Program through an online search, contacted an OppFund loan officer. Ms. Rocha and her family had recently experienced multiple traumatic acts of vandalism. Windows of both their home and vehicle were shattered by gunshots. Rocha, not content to sit idle and feel helpless, was determined to do “whatever it takes” to provide a safe environment for her family. Within months she was approved for a loan and in March 2013, Rocha and her family moved into their new home. “We are all so grateful to OppFund for this new opportunity. The house has more space to meet our needs, and is in a much safer place,” says Rocha. “This loan OppFund provided for me and my family gave us hope and a fresh start.”
Wanda Barber, like Ms. Rocha found OppFund at a time of discouragement. After previous efforts to purchase a home were unsuccessful, she found new hope in the Fresh Opportunity Mortgage Program. With the support of OppFund staff, discouragement opened the door to determination. “Owning a home is a milestone. Being a homeowner gives you more advantages,” shared Ms. Barber who closed on her new home on Detroit’s eastside in December 2017. With joy in her voice she said, “Your loan officers, Charles and Kaci, were my angels. They went above and beyond the call of duty to help me with my closing.”
The dream of homeownership does not end with securing a mortgage. Homes require routine maintenance and repair. For Mr. and Mrs. Muhammad of Detroit, OppFund was able to assist through the Detroit 0% Home Repair Loans Program. OppFund’s team, with other partners in the program, supported the couple through the application process and while repairs were completed on their home. Upon the closing of their loan in November 2017, Mr. and Mrs. Muhammad sent a note to OppFund saying, “Thank you for all of the work you did on our loan closing! Your experience, your kindness, and professionalism was greatly appreciated. We are thankful and very grateful for this opportunity!”
OppFund is also grateful for this opportunity to open the doors of homeownership, not for, but rather together with individuals and families determined to realize their dreams.