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Down Payment Hurdles May Be Easier to Clear Than You Thought

July 7th, 2015 7:06 AM by Jackie A. Graves, President

Lack of funds for a down payment is the reason many people give for not buying a home. But contrary to what some believe, the down payment doesn't need to be 20% or more of the purchase price. And for eligible homebuyers, financial help with the down payment is available.

Doing some research could really pay off. Where to start?

  • Your lender or real estate professional

  • One of the 13 Freddie Mac Borrower Help Centers across the country or the national call-in Borrower Help Network, all of which offer free counseling on buying and keeping a home

  • A homebuying class or workshop offered by a not-for-profit housing organization

  • The My Home by Freddie MacSM web site, where you'll find a wealth of information, resources, and tools

 

Read a new "Executive Perspectives" from VP of Single-Family Affordable Lending & Access to Credit Danny Gardner to learn more about down payments and down payment assistance programs.

 

To view the original article click here

Posted by Jackie A. Graves, President on July 7th, 2015 7:06 AM

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