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Tag: Freddie Mac

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 Possible Loans Part 5

The Home Possible Loan Process: After Submission In the last blog post, we spoke about the Uniform Residential Loan Application, or the 1003 Form. In this final post, we will
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First Time Home Buyer Guide: What You Can Expect: Home Possible Loans Part 4

The Uniform Residential Loan Application In the last section we briefly spoke about the Appraisal Report and additional documents that may be needed by the first time home buyer to
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First Time Home Buyer Guide: What You Can Expect: Home Possible Loans Part 3

Appraisals for Home Possible Loans In the last section we spoke a bit more about asset documentation and credit documentation needed by the first time home buyer for Home Possible
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First Time Home Buyer Guide: What You Can Expect: Home Possible Loans Part 2

Bank Statements and Assets Required for the Home Possible Loan Program In the last section, we discussed the importance and some documentation that would be needed with the submission of
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First Time Home Buyer Guide: What You Can Expect: Home Possible Loans Part 1

An Intro for Freddie Mac’s Home Possible 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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Freddie Mac’s Home Possible and Home Possible Advantage Programs Part III

For this last section, we will be going over the Income Guidelines and Eligibility, Credit Guidelines, Residency, and possible Refinance Options! Income Requirements For both the Home Possible and Home
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Freddie Mac’s Home Possible and Home Possible Advantage Programs Part 1

This post will contain the more in-depth details of Freddie Mac’s Home Possible Program. There are two versions of the Home Possible program, each with different perks. The first is
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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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Freddie Mac : Mortgage Rates Sub-4 Percent

For the first time in more than 40 years, data from Freddie Mac's weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide. It's the lowest average 30-year fixed reading in the survey's history.
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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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Mortgage Rates Bounce Off All-Time Lows; The Start Of A Trend?

One week after posting its lowest mortgage rate in 50 years, Freddie Mac reports that the 30-year fixed rate mortgage rose by an average of 7 basis points nationwide this week to 4.22 percent.
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What’s Ahead For Mortgage Rates This Week : August 22, 2011

Mortgage markets improved again last week, pushing mortgage rates to an all-time low; lower than the lows set last November, even.
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