Home Possible® The Freddie Mac Home Possible®mortgage offers more options and credit flexibilities than ever before to help very low- to moderate-income borrowers attain the dream of owning a home. In addition to its down payment requirement of as little as 3 percent, Home Possible offers...
Income redistribution is an abiding value of the Biden Administration, and now it wants to spread that to mortgage lending. A new rule will raise mortgage fees for borrowers with good credit to subsidize higher-risk borrowers. Under the rule, which goes into effect May 1, home buyers with a...
The Federal National Mortgage Association, commonly known as "Fannie Mae," and the Federal Home Loan Mortgage Corporation, "Freddie Mac," are the two government-sponsored enterprises (GSEs) chartered by the U.S. Congress in 1938. Neither originates or services its own mortgages. Instead, they ...
The other work with TDHCA has the benefit of is a home loan Borrowing Certification. With a tx Financial Borrowing from the bank Certificate, qualified borrowers wake-up to $dos,100 a-year for the a federal tax borrowing that is mainly based towards mortgage attract repaid one season. It i...