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Radian selected Tucson for this program because it was a market hit particularly hard by the recent housing crisis, with the homeownership rate falling to a recent historic low of less than 50%.
Radian selected Tucson for this program because it was a market hit particularly hard by the housing crisis, with the homeownership rate falling to a recent historic low of less than 50 percent. The long-term goal of the program is to restore the local homeownership rate to 55 percent, the level it was averaging shortly before the recession.
The program is sponsored by Radian, a provider of private mortgage insurance, which enables homebuyers to purchase a home with less than a 20 percent down payment. Tucson was selected as the pilot city for the Ready, Set, Own! program, which may expand to additional communities across the United States.
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Radian Guaranty and Tucson leaders on Tuesday launched Ready, Set, Own! – a new community program created to help more people in Tucson become homeowners.
Recently the City of Tucson was chosen to be the pilot city for a community program to help more people become homeowners in the Tucson Real Estate Market. On you Marks, Get Ready, Set, Own is created to provide potential home-buyers with information and resources they need to to begin the home buying process.
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As the premise for this program, Partners believes that working toward a livable community-one that attracts investments and jobs, retains and supports its population, and empowers its residents to.