Radian launches homeownership pilot program in Tucson

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 downpayment. 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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Restoring Tucson's homeownership rate is pilot project's goal. – Tucson was chosen as the pilot city because of how hard its housing market was hit during the recession, with the homeownership rate falling to less than 50 percent, Radian said. The long-term goal of the program is to restore the local homeownership rate to 55 percent – the average homeownership level before the recession.

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This post was contributed by a community member. The views expressed here are the author’s own. Neighbor Posts Lennar launches pilot program to help Tampa Bay homebuyers with student loan debt

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Radian Brings Together Local Lenders for Homeownership Pilot. – Radian Brings Together Local Lenders for Homeownership Pilot Program Ready, Set, Own!, a new community program created to help more people become homeowners, was announced at a press conference featuring executives from Radian Guaranty Inc., Tucson, Ariz. Mayor Jonathan Rothschild and the local housing, credit counseling and lending community.

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