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. Freddie Mac HomeOne guidelines Down payment …
Freddie Mac HomeOne® 2023: 3% Down, No Income Limits 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 …
Homes At 50% Off: Good Neighbor Next Door Program + Calculator 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? …
A USDA home loan is a fantastic homebuying tool, offering zero down payment, low rates, and lenient credit score guidelines. But in return, they come with some extra stipulations, such as how you must occupy the property and your household income. So, can you have a roommate if you get a USDA loan? Let’s talk …
USDA loans are different than most other loan types because if someone moves in with you before you buy, they could derail your approval. Sounds strange right? Wouldn’t an extra person in the household make it less likely that you’d miss a payment? While that’s true, USDA loans come with strict income limits. They are …
I’m Getting A USDA Loan And My Girlfriend Moved In. What Now? Read More »
A USDA loan requires no down payment, offers low mortgage rates, and is meant for less densely populated areas of the U.S. There’s even a construction loan available. So financing a barndominium with a USDA loan seems like the perfect solution. But it’s harder than it seems. That’s okay, because if you wanted to do …
When I was 26, I purchased the house pictured above for $250,000 with $1,100 out-of-pocket. Yes, I got into a house for less than it costs to rent an apartment. And I could have done it with none of my own money if I knew what I was doing. Here’s a how I bought a …
How I Bought a House With Almost No Money Out Of Pocket, And How You Can Too Read More »
