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
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.
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