The Freddie Mac Targeted Affordable Housing Express loan can often be an ideal loan product for investors looking to purchase or refinance affordable housing properties. Househunters with modest or variable income: The lower interest rates on most FHA loans can provide breathing room for buyers with tighter budgets or variable income, including freelancers or those who are self-employed.įreddie Mac Targeted Affordable Housing Express.Buyers with less competitive down payment capabilities may find FHA terms more favorable. Househunters with smaller savings: FHA loans statistically court lower down payments.Young or first-time homebuyers: Over 80 percent of all FHA loans lent in the past two years have been to first-time homeowners.Since FHA mortgages are easier to qualify for, theyre particularly attractive for individuals in the following circumstances: Simple Explanation of Fannie Mae, Freddie Mac and FHA!
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March 2023
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