Mountain West Financial Announces Expansion of PATH Home Loan Program to the States of Idaho, Texas, and Wyoming

Mountain West Financial announces today that their exclusive program for teachers and public employees called PATH Home Loan Program has expanded into the states of Idaho, Texas, and Wyoming. This program benefits those that serve our local communities by offering competitive rates paired with reduced fees for loan processing and underwriting, Free Float Down of the interest rate (taken during first 30 days or before the Closing Disclosure is issued, whichever is sooner), and being able to be combined with downpayment assistance programs. The PATH program follows the same MWF standard guidelines for FICO, Debt to Income (DTI) Ratios and minimum reserves as the regular FHA and Conventional loan programs.

This program is available to employees of one of the following:

• Employees of a Public Agency
• Public Employee Retirement System of Idaho (PERSI)
• Texas County and District Retirement System (TCDRS)
• Texas Municipal Retirement System (TMRS)
• ERS Employees Retirement System of Texas (ERS)
• Teacher Retirement System of Texas (TRS)
• Wyoming Retirement System (WRS)

“Since launch, our PATH program has helped nearly 1,000 public employees including teacher, firefighters, police officers and other public servants who serve our local communities every day.  In 2014, our first full year of offering the PATH program, we helped 187 borrowers and we are on track to help nearly 700 borrowers in 2016.  It feels good to give back and help these wonderful people achieve homeownership” said Tonya Todd, Senior VP Strategic Products. For more information on the PATH Home Loan Program, please fill out our quick quote form at www.homeowners.mwfinc.com/path/.            

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.