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Tag: Fannie Mae

Why a Home Renovation Loan May Be Right For You

If you are looking for a home, a home renovation loan may be a better choice and also more cost-efficient than buying a home that is turnkey ready. A home renovation loan is a mortgage in which the cost of repairs are rolled into the loan itself.
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What is a USDA Loan – Do You Qualify

A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you purchase a home with NO Money Down. USDA Home Loans offer 100%
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Am I Eligible For A USDA Home Loan?

There are only a few requirements you have to meet in order to be eligible for a USDA home loan. The first is that the home must be located in
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First Time Home Buyer Guide: What You Can Expect: Home Ready Loans Part 2

In the last section, we discussed the importance and some documentation that would be needed with the submission of pay stubs and Bank Statements for a first time Home Ready
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First Time Home Buyer Guide: What to Expect For Fannie Mae’s HomeReady Program Part 1

An Intro for Fannie Mae’s Home Ready Loan Program For this part of the series, we will be discussing what a first time home buyer can expect with applying for
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Fannie Mae’s HomeReady Program: A Guide for The First Time Homebuyer

For this blog update, we will talk about the HomeReady Program and the advantages for First-Time home buyers. HomeReady is the program by Fannie Mae that serves as a very
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HomePossible and HomeReady Programs: Introduction to HomePossible

HomePossible and HomeReady: Programs for Median-Income Households This section will be a brief introduction to both the HomePossible and HomeReady Programs offered by Freddie Mac and Fannie Mae, respectively. These
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Conforming Loan Limits Drop In High-Cost Areas

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.
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