Urban League Helps a Once Homeless, Single Mother Purchase First Home
The Urban League of Palm Beach County (West Palm Beach, FL) once again was able to make the American dream come true for one of our clients – a woman with three children who was homeless before reaching out to us through our First Time Homebuyer program.
Florence Garcia is a Hispanic single mother with three daughters ages 11, 8 and 2.
She came to the Urban League of Palm Beach County for our homebuyers’ workshop education in 2020 to get help obtaining her first home.
At the time, Florence was paying a monthly rent of $1,136, with the nonprofit Adopt-A-Family assisting her with paying half of that rent.
A counselor did a full assessment of her financial situation and deemed her mortgage ready.
She worked with Community Land Trust (CLT) to get pre-approved with FINEMARK National Bank and Trust for a loan at 97% Client Loan to Value (CLTV) in the amount of $153,589.