Category Archives: First Time Home Buyer Information

Fannie and Freddie Mac Lower Downpayments to 3% to Spur Housing Opportunities

Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal Housing Finance Administration (FHFA) hope to increase homeownership…
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5 Ways to Know You’re Ready to Buy Your First Home

Guest Post By : Emily Thomas If you’re a new college grad like myself (or a first time home-buyer) buying a new home can seem like a commitment you feel you aren’t ready to make. Aside from getting married and buying your first car, buying your first home is one of the most important decisions…
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