homeready: Fannie Mae to give $2500 to homebuyers
- 03/07/24 08:46 AM
Fannie Mae to give $2500 to homebuyersDo YOU Qualify for the Free Money?March 6, 2024 Minneapolis, MN: Fannie Mae®, who buys completed loans from lenders, has announced an addition to it’s popular HomeReady ® program, where eligible low-income homebuyers may qualify for a credit toward their down payment and closing costs of $2,500. The $2,500 is a true credit, with no payback needed. It is a temporary program, that runs from March 1, 2024 until February 2025. To qualify, the borrower must qualify for the standard conventional HomeReady ® mortgage, which does have income limits. HomeReady ® requires you to make less than 80% … (1 comments)
homeready: Low down payment, no down payment mortgage loans in 2017
- 12/29/16 01:39 PM
Minneapolis, MN: Just 10-years ago, 30-year fixed rates were 6.125%, and the real estate market was hot. With rising interest rates, 2017 may be a bit more challenging for home buyers. But the biggest challenge for most people who wish to buy a home is down payment. You do not need 20% down payment to buy a home! I repeat, you do not need 20%. This large down payment myth has been around forever, but it simply isn't true for the vast majority of people buying their first primary residence. There are many program that allow for no down payment, or low down payment. Some jumbo loans … (0 comments)
Minneapolis, MN: Lack of down payment money is the biggest hurdle for most first time home buyers. We eliminate that hurdle here at Mortgages Unlimited for low and moderate income buyers in MN, WI, and SD with the HomeReady Mortgage from Fannie Mae (R). Conventional Loan - Low Down Payment Benefits: More people qualify. Just 3% down payment Ideal for first-time homebuyers, millennials, and low- to moderate income borrowers. Flexible sources of funds for a down payment, including gifts and grants. Income limits as high as 170% of area medium income – no limits in underserved areas. Mortgage Insurance drops … (1 comments)
homeready: 5 Low Down Payment Home Loans
- 05/04/16 02:12 AM
5 Low Down Payment Home LoansMinneapolis, Minnesota: Face it, for most people, the biggest obstacle to buying a home is a lack of down payment. Here are 5 low down payment home loan options to help you get into your own home. Zero Down Payment VA Loans: Available for U.S. Military personal, both current and former is a no down payment loan with no mortgage insurance. By far the most amazing home loan available. Get VA Loan information USDA Rural Development Loans: Available for those wishing to buy in rural areas. This program is no down payment required. Income limits apply. Get … (0 comments)
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Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.
Fannie Mae to give $2500 to homebuyersDo YOU Qualify for the Free Money?March 6, 2024
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