July 26th, 2017 5:09 AM by Jackie A. Graves, President
For many, including recent college grads or
young families, having thousands of dollars in savings for a down payment is a
challenge, but that doesn't mean they can't afford monthly mortgage payments.
good news is that a 20% down payment is not the barrier to homeownership that
these prospective homebuyers think it is. For them, other options —
including a 3% down Freddie Mac Home Possible Advantage® mortgage — are the perfect fit.
looking to take advantage of a 3% down payment? Here are the three steps that
you need to know.
See our 3% down checklist to see if you could
qualify for Home Possible Advantage®.
Courtesy of Freddie Mac -
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