Freddie Mac announced new flexibilities added to Home Possible mortgages to responsibly meet the needs of clients and their borrowers today and in the future. Additionally, they announced the consolidation of the Home Possible and Home Possible Advantage® mortgages into a single Home Possible offering, combining the features of each individual product into one offering.
New Homebuyer Program Added
Freddie Mac’s new loan program, HomeOne, offers a low 3% down payment option that serves the needs of first-time homebuyers, along with no cash-out refinance borrowers. The program has no borrower geographic or income limits and includes cancellable mortgage insurance after certain requirements are met. For more information click here.
Both the maximum sales price and income limits have increased for the Portland Mortgage Credit Certificate. The maximum sales price is now $454,177. The annual borrower and co-borrower income limits are now $81,400 for one to two people and $93,610 for three or more people. Additionally, the maximum sales price for Gresham’s WELCOME HOME program […]
The maximum purchase price for the Clackamas Homebuyer Assistance Program has increased to $335,000. For more information visit: Clackamas Homebuyer Assistance Program
In December 2017 the USDA Rural Development conducted a review of all areas under its jurisdiction to identify areas that no longer qualify as rural for the Single-Family Housing Programs. In our area the city of Bethany and parts of Wilsonville are no longer eligible for USDA Housing Programs. For more information on property eligibility […]
Come visit the HOWNW.com™ booth!
Come visit with our HOWNW.com™ Certified Specialists this Friday, March 16th at the 2018 RMLS™ Education Summit and Trade Fair. When: 8:30 am to 4:30 pm Where: The Lloyd Center Ballroom at the DoubleTree by Hilton 1000 NE Multnomah St Portland, OR 97232
New Loan Programs Added
Each with low down-payments and flexible sources of down-payment, Fannie Mae’s Home Ready and Freddie Mac’s Home Possible and Home Possible Advantage join our list of programs helping to make homeownership possible. For more information on these and other programs please visit: http://hownw.com/program-search/show-all-programs/
Did you know…
HUD’s Good Neighbor Next Door program provides law enforcement officers, pre-kindergarten through 12th grade teachers, firefighters and emergency medical technicians the opportunity to become homeowners while also contributing to community revitalization. The program offers a substantial incentive in the form of 50% off the list price of the home. Click here for more information […]