Fannie and Freddie Restart Risky 'Affordable Housing' Programs

HomePath Ready Buyer Program Has Risks

The new HomePath Ready Buyer Program, lets first-time homebuyers get up to a 3% rebate of a home’s purchase price if they buy a Fannie Mae property, so long as they complete an online homebuyer education course which costs $75.00. In addition to the 3% rebate, Fannie Mae will refund the cost of the homebuyer education course. […]

Bank of America launches Down Payment Resource Center to help prospective buyers

Bank of America Down Payment Resource Center

Bank of America announced the launch of its new web-based tool to guide consumers to down payment and closing cost assistance programs available in their region. The Bank of America Down Payment Resource Center is powered by Down Payment Resource™, developed by Atlanta-based Workforce Resource. RELATED LINK: Down Payment Resource Center

Families have help getting to home ownership

Four Down Payment Programs for Utah Families

Here are four Utah Down Payment programs: 1. The Utah Housing Corporation which offers four types of loan programs – the FirstHome Loan, HomeAgain Loan, Score loan and NoMI Loan. 2. The Community Development Corporation 3. Habitat for Humanity 4. The U.S. Department of Housing and Urban Development lists some Utah-specific possibilities for residents: the […]

Popular Homebuying Assistance Programs Due To Return In March!

Illinois Homebuying Assistance Programs

Popular homebuyer assistance programs are due to return in 2015. These programs offer down-payment assistance to those who meet income and credit qualifications. The Federal Home Loan Bank of Chicago offered up to $8,000 per transaction in 2014, and the Illinois Housing Development Authority offered the “Smart Move” (offering $6,000 per transaction) and the “Welcome […]

Preparation key for first-time homebuyers

THDA Down Payment Programs

The Tennessee Housing Development Agency is a great resource for home buyers with mortgage loan programs that fund downpayments for first-time and repeat buyers, and eligible military personnel. You can lock in an approval from THDA for six months while your new home is being built. Visit www.THDA.org and GreatChoiceTN.com for more information.

Tucson IDA Down Payment Program

The Tuscon Industrial Development Authority (IDA) provides mortgages with down payments and closing costs to income-qualified households.  To learn more about the Tucson IDA and its programs, visit www.tucsonida.com, or contact Karen Valdez at Business Development Finance Corp., kvaldez@bdfc.com or 882-5591, Ext. 126. Source: tucson.com