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Employer-Sponsored Housing Program for Employees Can Make Mortgage Cheaper Than Rent
The Denver Post 
Oct. 20, 2008 Excerpt: Vail wastewater operator Jim Cliche recently bought a deed-restricted, three-bedroom house with a garage for about $300,000 in Edwards, about 15 miles away from work. He made a $3,000 down payment to close the deal under a new home-help mortgage program offered by the U.S. Department of Agriculture. Wells Fargo approved him for a loan. Cliche, 55, says his monthly mortgage payment is cheaper than rent would be on the same home in the open market. MORE >> |
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