Misconceptions about private mortgages often arise from inadequate advice or a lack of knowledge and guidance. Many individuals find themselves in private mortgage arrangements due to credit or income challenges…
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Fannie Mae's HomeReady & Special Purpose Credit Program
Fannie Mae’s HomeReady program and the Special Purpose Credit Program (SPCP) offer significant assistance to first-time homebuyers, making the dream of homeownership more attainable. Here’s an overview of these programs…
Understanding the Hometown Heroes Program in Florida
Introduction: The Hometown Heroes Program is an initiative aimed at making homeownership in Florida more accessible for eligible workers, particularly first-time, income-qualified homebuyers. Launched by Governor Ron DeSantis in 2022, the…
Mortgage Rates Dip Below Seven Percent: A Closer Look at the Market Shift
In a welcome turn for prospective homeowners and those considering refinancing, mortgage rates have dipped below the 7% threshold, as recently reported by Freddie Mac. This marks a significant shift…
Fannie Mae Updates Guidelines for Real Estate Owned Properties: What You Need to Know
Fannie Mae, one of the leading entities in the mortgage and housing industry, has recently introduced significant updates to its guidelines concerning Real Estate Owned Properties (REOs). These updates primarily…
New FHA and Conventional Mortgage Limits for 2024
FHA Loan Limits MCL will accept the new loan limits on government products effective January 1, 2024. See each section below for specific requirements by product type. Miami Dade, Broward…