FHA Reserve Requirements For 2-4 Unit Properties

Some loan programs require reserves, or extra funds “in reserve” after the down payment and closing costs are paid for. So, does FHA require reserves on a duplex, triplex, or fourplex? Does FHA require reserves on 2-4 unit properties? Here are reserve requirements for FHA: Triplexes and fourplexes are a bit harder to qualify for […]

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Downpayment Toward Equity Act First Time Homebuyer 25000 Grant

Downpayment Toward Equity Act: $25,000 Homebuyer Assistance

Buying your first home is hard enough, but imagine purchasing a home with low income, and being the first in your family to do it. This is where the $25,000 Downpayment Toward Equity Act hopes to help. It is a bill introduced in Congress that seeks to assist first-time, first-generation homebuyers to break into the

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Educator Down Payment Assistance Act Homebuyer Grant for Teachers

Educator Down Payment Assistance Act: $25,000 Grant For Teachers

If there’s one group of potential homebuyers that deserves down payment assistance, it’s teachers. Educators have been historically underpaid, and often can’t afford to live in the communities they teach in – or any other community for that matter. Many can’t save up enough for upfront costs of homeownership like the 3-5% down payment plus

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