First Time Homebuyers Special Mortgage Program

First Time Homebuyers Special Mortgage Program

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Have you always wanted to purchase your first home but thought you could not afford the down payment? 

Well now your in luck as there are mortgage programs available specifically aimed to help people buy their first home. The mortgage program is called HomeReady mortgage and its by Fannie Mae.


The Major Features Include:-

  • Offering a 3% down payment option.

  • For the first time, income from a household member who is not a borrower may be used to help buyers qualify.

  • All borrowers do not have to reside in the property.

  • Rental payments may be considered as another allowable income source to help qualify a buyer.

To Qualify You Need To:

  • Minimum credit score of 620.

  • Buyer must complete an online homeownership education course.

  • Buyer must escrow for taxes and insurance.


For more information on buying your first home please contact me. I can be reached via phone or txt at 469-556-2393.


Nick Walton Headshot
Author:
Phone: 469-556-2393
Dated: May 11th 2016
Views: 331
About Nick: I’m a Real Estate Professional by day, aspiring Tennis Pro by night. I am originally from Londo...

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JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


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