There has been some great news recently from both Fannie Mae
and Freddie Mac. With new programs available, first time home buyers will have
the opportunity to qualify for loans with down payments starting at 3%. Freddie
Mac’s Home Possible Advantage has a maximum loan-to-value ratio of 97 percent.
Participation in a program for borrower education will also be required in
order to be eligible. Fannie Mae’s program will have normal guidelines and will
require private mortgage insurance. This should open doors for many who cannot
afford a large lump sum down payment, and will make it easier for people to
move from renting into buying their own home. Without a 20% down payment
holding you back, there are endless opportunities. Give me a call and we can
discuss it further!
Author:Alex Argiroff Phone: 252-202-8148 Dated: December 16th 2014 Views: 686 About Alex: With a degree in Marine Biology Alex has always been drawn to the ocean and so it was no surprise wh...
View our latest blog posts in your RSS reader. Click here to access.
FindOBXHomes.com is the home of your Full Service Outer Banks Real Estate Experts. We combine the latest in technology with exceptional personal service. We walk you through every step along the way from our first hello to closing day and beyond. Whether you are a first time buyer or a seasoned investor, our goal is to turn our first transaction into a lifelong relationship.
I thought this article written by Bob Sullivan for credit.com gives a
"Kathleen Argiroff does an amazing job to satisfy customers by exerting so much time and energy to her job. She made this transaction so simple. I was personally concerned it would be difficult to close. Twas so easy! Thank you, Kathleen!
The business deal could not have been any more perfect! Amazing! Thanks Kathleen Argiroff!"