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by Chad Baker February 24, 2022

Frequently Asked Questions About the HomeReady Program

Homeownership can be difficult. Simply obtaining a mortgage, which requires a strong income, sizable downpayment, and decent credit score, can be challenging. Realizing that many low-income people struggle to reach mortgage approval, Fannie Mae, a government-supported company, created the HomeReady…

Mother and son cooking in kitchen

A New Downpayment Assistance Program is Bringing Fantastic Opportunities!

by Chad Baker March 30, 2020 0Comments

A downpayment is one of the biggest roadblocks to homeownership. Often equaling thousands of dollars, even a 5% downpayment can seem impossible to many would-be homeowners. But a downpayment assistance program can help. Using downpayment assistance programs like the one offered…

Homebuyer Education: Providing the Training New Buyers Need

by Chad Baker December 3, 2018 0Comments

Homeownership is one of the pillars of American prosperity, bringing financial stability to individuals families. But when it’s approached recklessly and irresponsibly, it can be a burden. To help reduce financial risk to both borrowers and lenders, many loans are offered…

Duplex with white trim and garage doors

Financing Options for Purchasing a Multi-Unit Property as a First Home

by Chad Baker July 30, 2018 0Comments

Purchasing your first home can be scary. For years, you’ve been told that homeownership is essential for financial success, but when it comes time to make the purchase, it can be easy to hesitate. Renting might seem like a waste…

Financing Options for Purchasing a Foreclosure

by Chad Baker April 27, 2018 0Comments

If you are looking for a wonderful deal on a new home, purchasing a foreclosure can, in some cases, be a good option. While these properties certainly have their risks, purchasing a foreclosure can help you get a quality home…

How to Use Boarder and Renter Income for Loan Approval

by Chad Baker February 7, 2018 0Comments

Are you having trouble getting qualified for an affordable loan? If you have a renter or roommate, you may be able to use their contributions towards approval. The process can be tricky, but with the right knowledge and a little guidance,…

Fannie Mae’s HomeReady Program Makes Ownership More Accessible

by Chad Baker January 19, 2018 0Comments

When it comes to homeownership, one of the biggest initial barriers is the down payment. Hoping to generate 20% of the purchase price, many would-be homeowners delay purchasing a home for years. It can be tough to save for a down…

Understanding Conventional 97 Loans

by Chad Baker January 2, 2018 0Comments

To qualify for a loan, you usually need to have some money as a down payment. However, saving for this down payment, which usually represents tens of thousands of dollars, can be difficult. Unfortunately, it may push many potential buyers away of…