First-time home buyers can qualify with a low down payment, and easier income and credit requirements. But a first-time home buyer class may be required.
What’s the average down payment on a house? In 2019, it was way lower than 20%. In fact, the average down payment is just 6-12%. Learn how that’s possible.
Knowing the difference between Fannie Mae and Freddie Mac can help you get approved for a mortgage. Here’s what you need to know.
For millions of Americans, Fannie Mae has a lot to do with whether or not you qualify for a mortgage and how much you’ll pay. Here’s what you should know.
For millions of Americans, Freddie Mac has a lot to do with whether or not you qualify for a mortgage and how much you’ll pay. Here’s what you should know.
Debt-to-income requirements can make it harder to get a mortgage if you have lower income or live somewhere expensive. A new rule in 2020 could change that.
Home Possible Advantage, offered by Freddie Mac, and HomeReady, offered by Fannie Mae, are similar programs for homebuyers without large down payments. Here’s an explanation of the program differences, and how they might matter to you.
What’s happening with the government shutdown and mortgage closings? Find out how you will (or won’t) be affected.
A mortgage rates drop can save you money. Be sure you’re ready to take advantage when this occurs.