no money down: MyCommunity Mortgage: A Subprime Alternative
- 04/11/07 07:40 AM
MyCommunity Mortgages: which are sponsored by Fannie Mae and is designed to assist low and moderate income families, public service employees, and disabled people to realize their dream of owning an affordable home. This program allows for 100% financing and little to no money required into the transaction for those who qualify. I can't stress enough how great this Fannie Mae sponsored program is. It allows certain borrowers to qualify for a home with no money down and less than perfect credit. It is a great alternative to some of the subprime loans that are now disappearing from the marketplace. The … (23 comments)
no money down: How to afford a Home with little money
- 03/19/07 03:58 AM
I run across many first-time homebuyers that have trouble coming up with money for closing costs or downpayment. This seems to be a hurdle on the road to homeownership for many people. But with decent credit (600 or above) you can qualify for many community programs that allow 100% financing at competitive interest rates. In addition to these programs there are a few tricks and techniques that one may consider when making a purchase. Technique 1: If you are limited to only 3% closing help from the seller (because of a particular loan program), consider asking the seller to pay for all state transfer … (2 comments)
MyCommunity Mortgages: which are sponsored by Fannie Mae and is designed to assist low and moderate income families, public service employees, and disabled people to realize their dream of owning an affordable home. This program allows for 100% financing and little to no money required into the transaction for those who qualify. ;)
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