Investor FAQs
What is the loan amount from investors?
The Hope Now program utilizes a loan for $36,000 with a 12.5% interest rate paid $810/month for
60 months (5 years).
How is the loan secured?
The loan is in first lien position secured by the real estate property.
Should a problem with payments arise and the loan becomes in default, the investor then retains the property.
The program for homeowners is $3500 down and $975/month. What happens if the homeowner does not pay?
Hope Now continues to pay the $810/month that is owed and will pursue collection and eventual eviction activities. Once these activities are complete, a new homeowner will be placed at the property. At no time will any payments be missed.
How do investors receive the $810/monthly payments?
Automatic payments are set up through Zelle insure the timely payments are sent and received.
What happens if the house sells before the 60 months are up?
The interest is paid for the full 60 months regardless if the house is sold prior to the 60 months.
Do you have references for Hope Now and/or Cindy Kayser?
YES! References are provided from both our past investors, personal references, and a supervisor reference from Cindy's educational days.
How many investors are utilized per home?
One investor per home to keep the program as streamlined as possible.
Can investors invest in more than 1 home?
Yes! At any given time, we have over 30 single moms waiting to become homeowners. We also have a full-time realtor who has houses ready for Hope Now to purchase.
What is the whole investment process?
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Call (970) 658-4303 to set up a Zoom meeting
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Zoom meeting or phone call
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Get references for Hope Now/Cindy Kayser; perform due diligence
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JV agreement signed by both LLCs
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Proof of funds given to Hope Now
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Property goes under contract
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Earnest Money Deposit wired to Title Company
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Upon receiving a clean title, final loan amount wired to Title Company to be received at closing.
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Property closes with Investor named as first lien holder
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Property insured for more than investor's $36,000 (generally $50,000)
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Zelle payment set up for automatic payments of $810/month for 60 months.
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Homeowner FAQs
What are the requirements to becoming a homeowner with Hope Now? Hope Now requires a non-refundable deposit of $3500. Verification of 6 months paycheck stubs as proof of ability to pay the $975/month.
What happens if the homeowner cannot pay the $975 due to circumstances?
Hope Now will work with the homeowner to assess each situation on a case by case basis. Should there be no communication or a situation that is not able to be resolved, then the homeowner will be given notice to vacate.
​Does the homeowner earn equity?
Yes! From the first day that the agreement is signed, the homeowner starts to build equity.
Can the homeowner sell the property?
Yes! The homeowner can sell the property at any point. The proceeds from the sale of the home must be used to pay off the loan first, then any leftover funds will be paid to the homeowner.
Is the homeowner responsible for the utilities and any repairs to the home?
Yes. The homeowner is just that, a homeowner, which means that all repairs, utilities, and upgrades to the property are the responsibility of the homeowner.
Can the homeowner purchase another home using the Hope Now program?
Hope Now's mission is to provide the opportunity of homeownership to those who may not otherwise be able to qualify. The same individual cannot purchase another home, however, family members who wish to become homeowners are eligible.
How do I become a homeowner?
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Visit the house and conduct a thorough inspection and walk through
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If the house suits your needs, an agreement will be signed
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6 months of paycheck stubs will need to be verified
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$3500 down payment (non-refundable) to Hope Now
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Keys will be given at the first of the following month ​
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