News

Homestar Top R.I. Housing Lender

By Chris Barrett
PBN Staff Writer

PROVIDENCE - Rhode Island Housing last week named Providence-based Homestar Mortgage as its top partner lender for 2009 and the first quarter of 2010.

Homestar Mortgage topped the list of 37 partner lenders and brokers who offer Rhode Island Housing's low-interest FirstHomes100 mortgages. Homestar has offered the loans through Rhode Island Housing since 2006.

"By continuously looking out for our customers' best interests, Homestar Mortgage has helped hundreds of families safely buy a home that fits their needs and budget through Rhode Island Housing's FirstHomes100 product line," said Richard Godfrey, executive director of Rhode Island Housing.

The company often deals with FirstHomes100 Plus loans, which are aimed at homebuyers purchasing homes in need of repair. The loan includes the base amount required to purchase the home plus additional money to undertake renovations.

"FirstHomes100 and 100+ are wonderful tools for first-time homebuyers, and Homestar is happy to be able to offer these loans to our customers," said Stephen Tetzner, principal of Homestar Mortgage. "These low-interest loans are safe and dependable and allow the homebuyer to wrap the purchase price and renovation costs into one monthly payment."