Tag Archives: Freddie Mac

New FHA Rules To Make It More Difficult For First Time Buyers

The FHA is implementing a rule that will be twice as stringent as either Fannie Mae or Freddie Mac. Currently, Fannie and Freddie will assume that 1% of a borrower’s outstanding student loan debt must be paid back each month. … Continue reading

Posted in First time buyer programs, Home Buying | Tagged , , , , , | Comments Off

The 5 Year ARM Helps First Time Buyers Obtain Lower Monthly Payments

In addition to down payment assistance, which provides grant money to help cover the cost of the down payment, first time home buyers should also consider choosing a 5 year adjustable rate mortgage to obtain lower monthly payments. The Mortgage … Continue reading

Posted in Down Payment Assistance, Home Buying, Interest Rates | Tagged , , , , | Comments Off

Down Payment Insights From Multiple Sources

It’s no secret that the one item first time home buyers struggle with the most is the money needed for a down payment. Between the typical high cost of living along with student loans, there’s often not much left over … Continue reading

Posted in Down Payment Assistance, First time buyer grants, First time buyer programs, Home Buying | Tagged , , , , , , , | Comments Off