Conventional 3% Down Mortgages 27 FAQ’s

Frequently Asked Questions and Answers to the new Conventional 97% Mortgage. Is the Conventional 97 a government-backed mortgage program? Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not available via Freddie Mac, nor is it available…

$14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers

Contents Related articles USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS From the National Office in Washington DC June 15, 2011 GUARANTEED LOAN FUNDING UPDATE:  SUMMER SIZZLES!   GUARANTEED LOAN VOLUME UP!  PLENTY OF FUNDING AVAILABLE!    The Single Family Housing Guaranteed Loan Program (SFHGLP) has $24 billion dollars of funding available for lenders, but it will…

Down Payment Assistance Grants Raleigh

If you are a typical Raleigh family who lives in Wake County and is a first time home buyer with two children and a household income that is less than $62,500 you could qualify for assistance Down Payment Grant from the State of North Carolina of up to $8,000 to be used towards the purchase of a new home priced up to $220,000 or an existing home up to $210,000! Another little know down payment grant is available from the Federal Home Loan Savings Bank of Atlanta that will actually give you a five to one (5:1) matching program towards your down payment, points and closing costs!