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Residential Real Estate Loan Program

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NewTown Macon's Residential Real Estate Loan Program offers tailored financing solutions for individuals and families looking to purchase or renovate residential properties in Macon's vibrant urban core. With our comprehensive support, expertise, and connections, we go beyond traditional lending to empower homeownership and neighborhood revitalization.

In the summer of 2021, NewTown Macon received $1 million from Macon-Bibb County’s American Rescue Plan Act (ARPA) funds, which was matched by the James S. and John L. Knight Foundation, to establish a residential loan product that helps Macon-Bibb residents purchase, refinance, or rehabilitate properties and develop income-producing rental units. This new loan product helps residents invest successfully in real estate, build long-term wealth and produce rental housing at or below market rates, ultimately contributing to building resilient and beautiful neighborhoods. 

Melanie Vaughn, a retired nurse, secured this new loan product to refinance the existing debt on her historic multifamily property. NewTown’s team worked with Melanie to secure the loan and consulted with her on pricing her rental rates, marketing her rental units available to lease, and implementing property management best practices. Melanie’s loan, paired with NewTown’s coaching services, will help her build more equity in her property and ensure she can maintain her iconic historic structure on College Street for years to come.

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About NewTown's Residential Real Estate Loan Program

NewTown's Residential Real Estate Loan Program is dedicated to supporting the growth and revitalization of residential properties in Macon's urban core. We understand the unique opportunities and challenges of the market and offer a partnership approach that extends beyond financing. Our program provides more than just funds; we connect you with valuable resources, networks, and guidance to make your dream of homeownership a reality.

Who Should Apply

Our Residential Real Estate Loan Program is ideal for individuals and families seeking financing to purchase or renovate homes as investment property in Macon's urban core. Whether you're a first-time buyer, an experienced homeowner looking to invest in a new property, or someone interested in renovating and revitalizing an existing rental property, NewTown Macon is here to support you. We welcome applicants who share our commitment to enhancing the community and contributing to neighborhood revitalization efforts.

Benefits of Working with NewTown for a Residential Real Estate Loan

By choosing NewTown Macon's Residential Real Estate Loan Program, you gain access to a partner genuinely invested in your property investment journey. Here are the key benefits of working with us.

  • Tailored Financing Solutions:
    Our loans are customized to meet your unique residential real estate needs, whether it's for the purchase of a new property or the renovation of an existing property.
  • Comprehensive Support:
    We offer more than just funds; we provide comprehensive support, guidance, and connections to empower your property investment goals.
  • Neighborhood Revitalization:
    By investing in residential properties in Macon's urban core, you contribute to neighborhood revitalization efforts and the overall growth of the community.
  • Partnership Approach:
  • We believe in building a collaborative partnership, working closely with you to navigate the property buying or renovation process, ensuring a smooth and successful experience.

 

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NewTown Macon's Residential Real Estate Loan Program is here to support your journey to real estate investment and contribute to the vibrancy of our community.

Contact us today to explore the possibilities and unlock the potential of your residential real estate goals.

478.722.9909

Ready to make your dream of income-producing property a reality?

Applying for a loan from NewTown Macon's Residential Real Estate Loan Program is quick and easy. Take the first step towards property development by filling out our loan application form. We're excited to learn more about your residential real estate goals and help you navigate the financing process. 

Our team of experts will review your application and get in touch with you to discuss the next steps. We're here to answer any questions you may have and provide guidance throughout the application process. Let NewTown Macon be your partner in achieving your homeownership dreams.

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