This program is also know as the U.S. Department of Agriculture’s Rural Development Single Family Housing Loan Guarantee program. Otherwise known simply as the “Rural Housing Loan”, this loan is similar to loan programs offered by Freddie Mac and Fannie Mae but with a twist. The down payment requirements and mortgage insurance guidelines are different.…
There are many first time home programs which offer great ways to get a grant mortgage loan. California offers both CalPlus Conventional Loan Program as well as similar FHA loan programs associated with California. The Cal-EMM loan program is a grant program which combines an FHA loan and and insured Energy Efficient first mortgage loan…
The FHA kiddie condo program is a great way for home buyers purchase a condominium. Under this program you can co-borrow with a blood-relative (eg. parent, grandparent, sibling, etc) who helps you qualify for a home loan when purchasing a condominium. Both borrowers take a title to the property and sign on the loan. Qualifiers…
Should you be a firefighter, teacher, medical technician or law enforcement professional you can use this program and benefit from a 50% discount of the listing price of homes available from HUD’s inventory of homes. You must agree to reside in the home for 3 years and it must be your sole residence. Available homes…
The Dream Makers program offers grants for down payment & closing costs to first-time home buyers of modest means who valiantly work to protect our country’s national security. The amount of the grant is determined by a 2-to-1 match of the borrower’s contribution to their mortgage in earnest deposit and cash brought at closing with…
