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?
If you are a low to moderate-income family, you may be eligible for the Freddie Mac Home Possible Mortgage. It’s the perfect program for first-time homebuyers; however, previous homeowners can apply as well. Get Matched with a Lender, Click Here. Keep reading to learn about Freddie Mac’s Home Possible requirements. Down Payment Requirements Borrowers must put down at … [Read more...] about Freddie Mac’s Home Possible Mortgage Eligibility Requirements