The American Reporter
Sunday, December 3, 2023
  • World
  • National
  • Science
  • Business
  • Health
  • Education
  • Lifestyle
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
  • World
  • National
  • Science
  • Business
  • Health
  • Education
  • Lifestyle
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
The American Reporter
No Result
View All Result

Maxine Waters Opponent Omar Navarro: Why We Should Forgive Student Debt… With One Requirement

mm by Kyle Matthews
August 28, 2019
in National
3 min read
Home National

Torrance, CA – Community activist and congressional candidate Omar Navarro is proposing a bold piece of legislation that aims to restore abandoned and neglected neighborhoods across America, including California’s 43rd district.

The AMERICAN DREAM HOME OWNERSHIP ACT would forgive student debt of residents aged 45 and under, allowing them to turn their debt into cash if they promise to purchase a home in troubled or neglected areas. For those without student debt, the minimum credit score requirement for the FHA loan of 580 with 3.5% down would be reduced to a credit score minimum of 500 with 3.0% down.

RELATED POSTS

Dr. Candice Matthews Discusses Texas Politics and Her Fight To Shift The System

Unveiling the Unprecedented COVID-19 Relief Fund Fraud A Comprehensive Review

Navarro has seen what years of neglect and poor leadership from Maxine Waters has done to community safety and interest in home ownership in towns like Los Angeles, Torrance, Lomita and Inglewood.

“Americans aged 45 and under are weighed down by out-of-control student debt or poor decisions they made early on in life. As a result, we have entire communities turning to dust because people cannot qualify for loan programs and reinvest in their communities. They have been robbed of the opportunity to achieve the American dream of raising a family in a safe neighborhood behind that white-picket fence. I believe that if we forgive student debt and lower the requirements for everyone else with proper protections, we can encourage people to come home and reinvigorate abandoned communities that have fallen to crime and a scarcity in homeowners that actually live amongst their neighbors.”

FEATURES:

  • Forgive student loan debt for at-risk areas throughout the United States as long as the debtor uses the money to purchase a home and lives on site for a minimum of three years.
  • Lower federal requirements for the FHA loan for all other applicants to 500 with a down payment of 3.0%.
  • No tax return requirements.
  • Allow up to 100% financing.
  • Lower debt-to-income ratio to <38%.
Share154TweetShare
Previous Post

An HR Certification Platform is making Lives Easier for HR Professionals in the USA

Next Post

Uncertain Returns on Investment is the Major Concern for Drug Development Companies

mm

Kyle Matthews

The idea of The American Reporter landed this businesswoman to the digital avenue. Kyle brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, she also contributes her expertise in business niche.

Related Posts

Dr. Candice Matthews Discusses Texas Politics and Her Fight To Shift The System

Dr. Candice Matthews Discusses Texas Politics and Her Fight To Shift The System

by Richard Brown
November 30, 2023
0

Dr. Candice Matthews says that Texas, the Lone Star State, has long been a political powerhouse, holding significant influence on...

Has Your Credit Score Been Weakened by Covid-19?

Unveiling the Unprecedented COVID-19 Relief Fund Fraud A Comprehensive Review

by Kyle Matthews
August 29, 2023
0

The recent revelations by the U.S. Department of Justice regarding the discovery of over $1.4 billion in stolen COVID -...

Can UK Citizens Travel to the USA this Summer

What are the Most Expensive States to Live in as an American in 2023?

by Jennifer Ross
August 16, 2023
0

If you’re contemplating moving to another state, it is understandable to wonder which areas are expensive to live in. After...

How the US Ecology Could Benefit from the Developments of a Russian Engineer

How the US Ecology Could Benefit from the Developments of a Russian Engineer

by Kyle Matthews
August 14, 2023
0

Russia's largest oil and gas company, Nizhnekamskneftekhim PJSC, has significantly reduced its negative environmental impact through the introduction of innovative...

A Comprehensive Comparison of Furnished Short Term Rental Apartments in San Francisco

A Comprehensive Comparison of Furnished Short Term Rental Apartments in San Francisco

by Jennifer Ross
August 7, 2023
0

San Francisco is one of the world's most vibrant and diverse cities, attracting millions of visitors and residents annually. Whether...

Next Post

Uncertain Returns on Investment is the Major Concern for Drug Development Companies

Da Rich 1 Releases his Latest Single “Thankful”

Da Rich 1 Releases his Latest Single "Thankful"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

More Brides and Grooms are now Paying Attention to Little Details in their Weddings

Wearing a Tuxedo or Suit for a Wedding

December 3, 2023

Weekday Teacher, Weekend Pitmaster: How AI Ignited California Educator’s Blogging Hit

November 30, 2023

Digital Innovations: Changing the Way We Experience Entertainment

November 30, 2023

Dr. Candice Matthews Discusses Texas Politics and Her Fight To Shift The System

November 30, 2023

Could Vitamin B12 Shots Be the Key to Liver Health?

November 30, 2023

Revolutionizing Frozen Food: How Delivered Cold Connects Consumers with Quality Producers

November 29, 2023

Unshackling Your Wealth: A Deep Dive into the Power of Alternative Investments with Dutch Mendenhall, Author of Money Shackles

November 29, 2023

Do I Need a Lawyer for a Personal Injury Case?

November 29, 2023

Rob Martinez: A Visionary in Parcel & LTL Shipping Optimization

November 29, 2023

Branding Strategies: Creating a Unique Domain Name with it.com

November 29, 2023

E-Books vs. Physical Books: Tesia Dobrydnia Discusses the Pros, Cons, and Making the Right Choice for You

November 28, 2023

Why Is Whirlpool the Leader in the Washing Machine Sector?

November 27, 2023
  • Home
  • About Us
  • Our Staff
  • Contact Us
  • Privacy Policy
  • Editorial Policy
  • Use of Cookies

© 2019 - The American Reporter

No Result
View All Result
  • Home
  • About Us
  • Our Staff
  • Contact Us
  • Privacy Policy
  • Editorial Policy
  • Use of Cookies

© 2019 - The American Reporter

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.