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. Check your Home Possible eligibility. In this article: Home Possible income limits To qualify for Home Possible, you must make 80% or less of […]
Freddie Mac Home Possible® 2024: 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 with a
Freddie Mac HomeOne® 2024: 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
Good Neighbor Next Door Program + Calculator Read More »
Freddie Mac BorrowSmart(SM) & BorrowSmart Access income limits There are two BorrowSmart programs in the market currently, and your income and geographic location determine which one you qualify for. BorrowSmart: $2,500 in assistance for homebuyers earning 50% or less of the area median income. It is available anywhere in the U.S. BorrowSmart Access: $3,000 in
Freddie Mac BorrowSmart Income Limits & Eligibility 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?
Can You Buy A Foreclosure With A USDA Loan? Read More »
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
Can I Have A Roommate With A USDA Loan? Read More »
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
Can You Get a USDA Loan For a Barndominium? Read More »
When I was 26, I purchased this house 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 how I bought a house with almost
How I Bought a House With Almost No Money Out Of Pocket Read More »
The NFM Flex Program turns FHA into a zero-down loan option. FHA loans normally require just 3.5% down. But on a $300,000 loan, your down payment and closing costs could run upwards of $18,000. That’s where the NFM Flex Program comes in. NFM is a nationwide lender (all states except NY) that is offering down
NFM Flex Program: 100% FHA Loan Down Payment Assistance Read More »
