A down payment assistance (DPA) program has hit the market and it offers the widest eligibility criteria of just about any DPA program out there. It’s called DPA Advantage and it gives a 3.5% down payment grant for eligible homebuyers. Saving up for a down payment is now optional. Check your DPA Advantage Program eligibility. …
DPA Advantage: 3.5% Down Payment Assistance Grant Read More »
You can think of The Good Neighbor Next Door program as a bargain outlet store for homes. Buyers in public-service professions can buy a home at a 50% discount, sometimes with just $100 down. These homes are foreclosures owned by the U.S. Department of Housing and Urban Development, or HUD. The agency offloads homes while …
If you’ve ever looked into down payment assistance (DPA) programs, you may have been frustrated about the stringent requirements to qualify. Some require very low income, while others only work in very specific geographic locations. The new EPM Empowered DPA program, though, is available to most home buyers nationwide, thanks to its wide acceptance criteria. …
Empowered DPA Program: 3.5% Down Payment Assistance Grant Read More »
Buying a home is a costly and intimidating venture. Add being single and a mom, and it feels like you barely have bandwidth to think about it between work, kids’ doctor appointments, and needing this thing called sleep. Fortunately, it doesn’t have to be as hard as everyone makes it out to be. New and …
Home Loans For Single Moms: Programs and Assistance Read More »
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 …
Downpayment Toward Equity Act: $25,000 Homebuyer Assistance Read More »
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 …
Educator Down Payment Assistance Act: $25,000 Grant For Teachers Read More »
The Freddie Mac Home Possible mortgage is the agency’s all-out effort to turn moderate-income renters into homeowners. Benefits include: Here’s what you need to do to get a Home Possible loan. In this article: Freddie Mac Home Possible quick guidelines You must earn a moderate income This program is open to those who make 80% …
Freddie Mac Home Possible® 2023: A Flexible, 3% Down Mortgage Read More »
Freddie Mac HomeOne® allows first-time buyers to access a 3% down conventional loan without income or geographic restrictions. This program is a game changer for any first-time buyer who can’t access other programs because they make too much or aren’t buying in eligible neighborhoods. Here’s your guide to HomeOne. Check your HomeOne eligibility. Freddie Mac …
Freddie Mac HomeOne® 2023: 3% Down, No Income Limits Read More »
What Is Freddie Mac BorrowSmartSM? BorrowSmart is a down payment assistance program from one of the nation’s largest mortgage agencies, Freddie Mac. This program, combined with one of Freddie Mac’s 3% down payment program could mean a homebuyer would need little or nothing out of pocket to close. The program is available to low- to …
Freddie Mac BorrowSmartSM: Up To $2,500 In Down Payment Assistance Read More »
Buying a foreclosed home sounds great. They are offered at bargain-basement prices and you can achieve fast equity by fixing it up. And buying a foreclosure with a USDA loan would be even sweeter: get a zero-down loan AND a low home price? Yes, please. So, can you buy a foreclosure with a USDA loan? …
