BROWSE ONLINE OR CALL US AT 215-542-8381

Vanguard Realty Associates

Vanguard Realty Associates

Blog

3% Down-Payment Loans Help First Time Homebuyers

Filed under Buying a home, Home Buyers on Jan 02,2015 | Tagged in: , ,

Mortgage Calculator Shows Purchase Of Home Loan

Many first time home buyers can afford the monthly cost of mortgage, but come up short on the cash requirements for a down payment. That may change with the help of new government programs that will offer 3% down-payment loans to qualified borrowers.

Fannie Mae’s My Community Mortgage program, open to first-time buyers with a minimum 620 credit score, has already begun. Freddie Mac’s Home Possible Advantage Program, available to all qualified buyers, begins in March, 2015. A bonus with both programs is that they do not require buyers to pay a Mortgage Insurance Premium. Traditionally, a down payment of less than 20% would require mortgage insurance.

If you’ve been struggling to stash cash toward a down payment, read this article by Alan J. Heavens, published in the Philadelphia Inquirer. Then, contact Vanguard Realty Associates to help you find your perfect first home!

Please follow and like us:

Testimonials

THANK YOU for all you guys did to help us find a home and go thru a smooth settlement. We appreciate the time and patience that you showed us as well as the individualized attention. Thank you for making this all possible for us. If we ever know anyone that is trying to find a home we will gladly recommend you. You guys are the best! Search for a home today

Client Two

Dec
06

A Lot of Local Chocolate! Read More

Nov
29

Easy Cookies for a Crowd Read More

Nov
22

Holiday Clean Out Read More

       

2350 Butler Pike, Suite 6, Plymouth Meeting, PA 19462 | Phone: 215-542-8381 | Fax: 484-344-5344 | Email: info@vanguardrealtyassociates.com

Offering the best Montgomery County PA Real Estate and Bucks County Real Estate

© copyright 2022 Vanguard Realty Associates