Homeownership is a part of the American Dream. Everyone wants to own one, but if you have a disability, it may be harder for you to achieve that dream. While you may be able to afford a home, finding a home that’s fit to handle your disability is a whole different topic – one which many people have trouble with. Looking for Current Mortgage Interest Rates? Click … [Read more...] about Getting a Fannie Mae Loan for Disabled Individuals
When Freddie Mac takes possession of a home that foreclosed, they put it in their HomeSteps program. This sales unit, operated by Freddie Mac, markets and sells the home for Freddie Mac. Before the home is available to the general public, though, Freddie Mac offers the First Look Initiative. This program allows owner-occupied borrowers to have the first chance to buy the … [Read more...] about What is the Freddie Mac First Look Initiative?
Stated income loans haven’t gone away totally, as some people mistakenly believe. While you won’t find them offered by every lender today, there are some that still offer it. Before you decide which loan option is right for you, it’s important to understand the different requirements of the two loans. Compare Offers from Several Mortgage Lenders. Standard Loan … [Read more...] about Standard and Stated Income Loans: What’s the Difference in Guidelines?