New Loan Program to HELP Home Buyers
Fannie Mae has rolled out a new loan program called “HOME READY.” Now I must admit upfront that I have some serious misgivings about this program but, I think it will really open up the door for some buyers that have been priced out of the market by the recent rise in home prices.
This program is geared toward Low to Moderate income and minority borrowers. But one loop hole allows a person, of any income level, to purchase a home in identified “low income” area.
If you find yourself in a situation where you are finding it difficult to qualify for a home, due to the higher home prices, give me a call and I will help you navigate the mortgage loan and real estate market.
For more information on this loan program, call me, or you can view the program parameters at: https://www.fanniemae.com/content/fact_sheet/homeready-overview.pdf
619-857-4954 or Craig@GreenMeansGrow.com