By Kelly Loya
Freddie Mac just launched HomeOne, a low, 3% down payment Conventional Loan with no income or
geographic limitations!
This announcement puts Freddie Mac in direct competition with FHA’s low down payment mortgage and
gives more options for buyers. This may possibly be a better option for buyers, as the appraisal
guidelines of conventional loans are less strict than FHA appraisal guidelines.
HomeOne Loans are only available for conforming fixed-rate mortgages. Single family houses,
townhouses and condos all qualify, however manufactured homes are ineligible.
Borrower Qualifications:
Purchase a 1-unit primary residence
At least 1 buyer must be a first-time homebuyer
Participate in homeowners education to qualify
All Borrowers must occupy the mortgaged premise
HomeOne Mortgages will be available July 29, 2018.
For more information please go to www.freddiemac.com
Source: National Association of Realtors, Freddie Mac
That’s a smart answer to a tricky quesoitn
Hi there! I know this is kinda off topic however
, I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa?
My site covers a lot of the same subjects as yours and I believe we could greatly benefit
from each other. If you might be interested feel free to shoot me an e-mail.
I look forward to hearing from you! Great blog by the
way!
Thank you! Yes, that would be awesome! Please email me at theterritoryboss@gmail.com