#Homeready

[daguerreotypic]

Ensure your guests feel like royalty in your home by following these effective five steps of home preparation. Get ready to impress.

[deltona-appliance-repair]

🎁 Deltona—Prepare Your Appliances for a Stress-Free Holiday! 🎁

This holiday season, get $20 OFF on all appliance maintenance services with Mr. Appliance of Deltona! Don’t let a malfunctioning appliance ruin your festivities—let us help keep everything running smoothly for a stress-free holiday season.

👉 Book your service now and don’t forget to mention this blog or that you saw this post to avoid any booking confusion!

🎁 Want to know more? Check out the details here: https://www.tumblr.com/mr-appliance-experts-wc102824/768970101015871488/beat-the-holiday-chaos-get-your-appliances

📚 Read our previous blog here for more appliance tips! https://www.tumblr.com/mr-appliance-experts-wc102824/768870846877007872/want-to-prevent-appliance-issues-during-the

[lakemary-appliance-repair]

🎁 Lake Mary—Holiday-Ready Appliances at Your Service! 🎁

This holiday season, Mr. Appliance of Lake Mary is here to help you keep your kitchen and business appliances running smoothly. Get $20 OFF on all appliance maintenance this December!

👉 Click here to schedule your service and remember to mention this blog or that you saw this post for an easy booking process!

🎁 Want to know more? Check out the details here: https://www.tumblr.com/mr-appliance-experts-wc102824/768970101015871488/beat-the-holiday-chaos-get-your-appliances

📚 Read our previous blog here for more appliance tips! https://www.tumblr.com/mr-appliance-experts-wc102824/768870846877007872/want-to-prevent-appliance-issues-during-the

[edison-appliance-repair]

🦃 Happy Thanksgiving, Edison! 🦃

We are thankful for YOU this Thanksgiving! Take advantage of $20 OFF select services in Edison for Black Friday. Get your appliances ready for the holidays and avoid the last-minute rush!

👉 Get your equipment fixed now! Book your service here! 📞 Call us at: (732) 338-0887

[central-nj-appliance-repair]

🍂 Happy Thanksgiving, Central NJ! 🍂

We are so grateful for YOU this Thanksgiving! As the holiday season kicks off, take advantage of our Black Friday savings with $20 OFF select services at Mr. Appliance in Central NJ. Get your appliances in top shape for the season ahead!

👉 Book your repair today! Click here to schedule! 📞 Call us at: (732) 658-0743

[thebuyeragency]

Special Purpose Credit Program- $10,000

Buy a Home in 2024 using a Grant in Selected Areas.

  Special Purpose Credit Program- $10,000 We’re offering the Home Ready First Purchase Program. $10,000 down payment/closing cost assistance in the form of grants. $500 Credit towards the cost of a Appraisal. $500 Credit towards the cost of a home warranty if purchasing one Must be a first time home buyer Minimum Middle Credit Score 620 Must be a approved for the Homeready Program NO INCOME…

[kentuckybats]

How to Get $2,500 in Grant Assistance for Your New Home in Kentucky in 2025!

Home-ownership just got more affordable for low-to-moderate income Kentucky residents! If you’re planning to buy a home in 2025, you might qualify for assistance. You could receive a $2,500 grant through Freddie Mac’s Home Possible® and Fannie Mae’s HomeReady® programs. This limited-time offer is designed to help cover your down payment. It also assists with closing costs. The program makes the…

[davidxiemortgageguy]

Can You Really Afford a Home at ANY Age?

In this video, I’m breaking down why buying a home in your 20s/30s is the best decision you can make — even if you’re just getting started or think it’s too late. We’ll dive into loan programs like USDA, FHA, HomeReady, and more, and show you how you can get approved even if you have limited savings or credit challenges. Don't let market conditions or high interest rates discourage you. Homeownership is more attainable than you think, and I’m here to help you make it happen!

______________________________________________________________

► ► Get Pre-Approved With My Team →

https://www.videoask.com/f1gwd8jdd

Get referred to a local Real Estate Agent→

https://davidxiemortgageguy.com/real-...

TOP RESOURCES:

💪 Affordability Calculator → https://davidxiemortgageguy.com/mortg...

📉 Rate or program 2nd opinion → https://davidxiemortgageguy.com/secon...

🏡 Max Purchase Price Calculator → https://davidxiemortgageguy.com/mortg...

📅 Complete Buying Timeline → https://davidxiemortgageguy.com/first...

[bondstreetmortgage]

Buying 2-4 Unit Properties with Fannie Mae Programs

Real estate has become a lucrative avenue for wealth creation and investment in the U.S. if you seek options other than stocks and bonds. The value of properties steadily rises over time and helps you earn passive income, enjoy tax benefits, and diversify your portfolio.

When it comes to real estate, homebuyers and investors can benefit from multi-family housing options like 2-4 unit properties. A 2-4 unit property is a real estate option that offers two, three, or four separate living units, all under one building. These have their kitchens and bathrooms but share yards and driveways. A single person owns these properties, and the rental income they earn on them can help them pay off mortgage, taxes, and other expenses.

If you’re interested in acquiring a 2-4 unit home, Fannie Mae can help make your real estate investment dreams a reality. They are one of the largest providers of mortgage financing in the United States that offers several programs for you. In this blog, we will understand these housing finance options so that you can decide which option is best for you to open up investment opportunities.

Benefits of Choosing 2-4 Unit Homes

Before knowing about Fannie Mae Mortgage programs, let us understand in detail the compelling reasons to choose 2-4 unit properties:

1. Rental Income

Owning a multi-unit property allows you to generate rental income by leasing out the additional units. This supplementary income can help with your other debts and make homeownership more affordable.

2. House Hacking

Sometimes, you can live in one unit while renting out the others, a strategy often called “house hacking.” This reduces your housing costs as your tenants pay the housing mortgage while you can build your equity in the property.

3. Better Options

Some lenders offer more favorable terms for financing 2-4 unit homes. You may find it easier to secure a mortgage with lower down payment requirements, making your investment more affordable.

Mortgage Products by Fannie Mae for 2-4 Unit Homes

Fannie Mae (Federal National Mortgage Association) is a government-sponsored enterprise that plays a vital role in the U.S. housing market. It doesn’t lend to homebuyers directly but instead works to ensure liquidity in the mortgage market. By guaranteeing mortgage loans from lenders, Fannie Mae helps make homeownership more accessible to low and moderate-income borrowers.

Earlier, 2-unit home properties through Fannie Mae required a 15% down payment, and 3-4 units required a 25% down payment. This made it difficult for buyers to purchase multi-housing properties. With its latest announcement to reduce the down payment to 5% from November 18 on duplexes, triplexes, and fourplexes where the buyer lives in one of the units, the option is being considered by homeowners more than ever. A 2-4 unit is now more accessible to home buyers due to no income restrictions and an affordable 5% down payment.

Here are some of the programs from Fannie Mae that can prove valuable for you:

1. HomeReady Mortgage

HomeReady was launched in 2014 as a flexible and affordable home mortgage program by Fannie Mae. It is suitable for first-time buyers, repeat buyers, existing buyers looking for a refinance, people with limited funds for a down payment, and owners looking for rental income. 

Here are some of the eligibility criteria that you should meet to be able to use the program: 

The program is only for primary residences. You cannot use it for vacation homes and investment properties.

The program is valid for single-unit houses like condos, rowhomes, and multi-unit properties of four or fewer.

You must not own any additional residential properties in the country.

The loans should meet Fannie Mae’s conforming mortgage guidelines.

Your income must be less than or equal to 80% of the county’s AMI (Area Median Income). 

You must have a minimum credit score of 620 for multi-unit homes. Fannie Mae uses the FICO credit scoring system that ignores medical debts.

If you are a first-time homebuyer, you are required to attend a homeownership education class as a part of the HomeReady approval process.

2. HomeStyle Renovation Mortgage

The Fannie Mae HomeStyle Renovation Mortgage allows you to buy or refinance a home wherein loan closing costs and renovation expenses are rolled into a single mortgage. It is comparatively cheaper than personal loans and credit cards if you want to make significant repairs and renovations. The loan is suitable for any type of property, be it multi-housing properties, investment properties, or second homes.

Here are some of the eligibility criteria that you should meet to be able to use the program: 

The borrower should have a credit score of 620 or above

The DTI ratio should be less than or equal to 45%

The LTV should be no more than 97%

The borrower should have a reliable income stream and a stable job

The residence should be legal and suitable for all-year occupancy

The property should meet local standards and be secure and safe

Conclusion

To summarize this blog, we believe that buying a 2-4 unit property can be a smart strategy, especially when you use Fannie Mae’s various mortgage programs that can offer a wide range of benefits, like lower down payments. You can now buy a 2-4 unit with Fannie May with as little as a 5% down payment and with no income restrictions like HomeReady. However, before making a decision, understand Fannie Mae’s mortgage products in a detailed manner with the help of a qualified mortgage professional.

At Bond Street Mortgage, we have access to various mortgage sources to help you get the finest loan option. Your financial needs are our priority, and we’re here to make the loan process as straightforward as possible. Contact us today and get the mortgage advice you are looking for.

[thehearbeatofrealestate]

Ready-for-occupancy condos might cost more than pre-selling units, but DMCI Homes offers a way for you to live in one without spending all your savings. Tune in to this episode of Investor's Corner to hear our host, Melissa, discuss a rent-to-own option called the HomeReady™ Program.

[christophechoo]

🏡✨ Working today to bring a gem to market in the guard gated community of Bel Air Crest. Spent 4 hours with top photographers 📸 and videographers 🎥 capturing every corner of this impeccable home. Plus, we’ve got a 3D Zillow tour and floor plan ready to go! 🔄

Big shoutout to the owner for following our advice to the letter - the house looks stunning with beautiful orchids 🌺 from Orchid Fever and spotless cleanliness 🧼. No need for staging or painting; this beauty shines on its own. 💎

Stay tuned for an exclusive peek at this perfect home, ready to steal hearts. 💖

#RealEstateMagic #HomeReady #NoFilterNeeded #toprealtobeverlyhills #bestagent #bestrealtor #sellingahome

[parkplacenetwork]

Fannie Mae Offers New Low-Income Purchase Credit

Fannie Mae announced a $2,500 loan-level price adjustment credit for very low-income purchase borrowers through its HomeReady mortgage program.

The full amount of the $2,500 credit must be provided directly to the borrower through the transaction, such as being applied to down payment and closing costs, including escrows and mortgage insurance premiums.

#parkplacenetwork

[winninghomeloans]

How to Find the Best Home Loans

The mortgage loan you choose can have a big impact on your long-term financial health. Compare rates, upfront fees and lifetime costs to find the best home loans for your unique situation.

The following lenders offer a variety of mortgage loan options. Some are geared toward borrowers with pristine credit while others offer less conventional paths to homeownership.

1.        Online Lenders

Whether you’re looking for a conventional, FHA or VA mortgage, an online lender could be your best choice. These lenders offer digital tools, such as document uploads and e-signatures, that streamline the homebuying process. Plus, many are able to offer mortgage rates lower than traditional lenders.

One standout option is Caliber reduce home loans, which offers a mortgage for selfemployed borrowers. Additionally, it’s one of the only lenders to offer a program for military buyers called the HomeBuyers Choice. This offers a 3% seller contribution toward closing costs and a lower down payment requirement.

Another option is New American Funding, which offers a full suite of conventional and government-backed mortgage loans. It also services all its mortgages in-house, which can make the process simpler. However, its rate quotes can be inconsistent and it doesn’t do a good job of explaining fees and rates. LoanDepot is a top contender in the online mortgage lender space, offering a digital experience and an extensive product lineup. Its mello smartloan technology helps streamline the mortgage process, and its mortgage experts can guide you along the way.

2.        30-Year Fixed Rates

Unlike an adjustable-rate mortgage, which can fluctuate, 30-year fixed mortgages have the same monthly principal and interest payments for the life of the loan. This is a good option for homebuyers who plan to stay in their new house for the long term.

However, it's important to understand that you may be paying more interest over the longer term of a 30-year mortgage compared to a shorter-term loan. This is because the total interest paid includes closing costs and other fees.

If you're interested in a traditional 30-year mortgage rate, the lenders below offer some of the best options for borrowers with excellent credit scores. They also have low mortgage rates compared to their competitors. But keep in mind that mortgage rates vary by lender and are subject to change at any time. So it's worth shopping around to find the best 30-year mortgage rates for your unique circumstances. Using a loan calculator is a great way to compare mortgage rates and determine which loan type is right for you.

3.        Lender Fees

Mortgage fees can be substantial, and borrowers should shop around for the best lender rates. These charges may include loan origination fees, application fees, document preparation fees, appraisal fees and more. ValuePenguin notes that these costs can add up to an additional $1,387 on top of a home loan's principal and interest payments.

Local lender Wesley Mortgage transforms homeownership dreams for aspiring buyers by providing flexible down payment and income requirements for a wide variety of applicants. It also provides a digitally-streamlined mortgage application process and offers a low minimum credit score requirement.

Chase is another well-rounded home loan provider that offers a wide array of standard and specialty mortgage programs, including government-backed FHA, VA and USDA loans as well as jumbo mortgages. Its HomeReady loan allows a down payment as low as 3%, and customers who have a qualifying bank relationship can receive a 0.50% interest rate discount on their mortgage. Other perks include a quick preapproval and speedy time to close.

4.        Down Payment Requirements

Coming up with the money for a down payment can be one of the biggest obstacles for first-time homebuyers. The best mortgage lenders offer a variety of down payment assistance programs that can make homeownership more accessible. These may include deferred loan payments or matched savings programs, where the lender provides money to match the borrower's own funds for a down payment.

You can use personal savings, proceeds from the sale of an old home, gift money and other sources to make a down payment. Most home loans rates require a down payment of at least 3%, but some loan programs have lower minimum requirements. Ask your lender about these options, and look for a piggyback loan program that combines an FHA or VA mortgage with a conventional loan to avoid the need for mortgage insurance. Chase, for example, offers down payment assistance through its DreaMaker home loan program that requires a down payment of just 3%.

[lakemary-appliance-repair]

🦃 Happy Thanksgiving, Lake Mary! 🦃

We’re thankful for YOU this Thanksgiving! Get ready for Black Friday with $20 OFF select services at Mr. Appliance in Lake Mary. Let us help get your appliances holiday-ready!

👉 Get your equipment serviced today! Book your service now! 📞 Call us at: (386) 245-8842

[redajthomasps]

$5000 Fannie Mae Grant | HTXMTG.com

$5000 Fannie Mae Grant | HTXMTG.com https://ift.tt/2liQbwO We're helping more first-time homebuyers achieve homeownership with a $5000 Fannie Mae Grant through the HomeReady Special Purpose Credit Program. At least one applicant must be a first-time homebuyer. Borrowers receive: 👉$5000 fannie mae grant 👉Up to $500 toward a 1-year home warranty 👉Up to $500 toward appraisal costs 👉Borrower’s current primary residence must be located in an eligible census tract. Contact us today to search your current primary address for eligibility and to see if you qualify for the $5000 Fannie Mae Grant and possibly more. Title: $5000 Fannie Mae Grant For more info on how we can provide you with a successful home purchase, refinance or home equity loan (HELOC) mortgage experience, please visit our website: http://www.HTXMTG.com = Edward Foy: H Mortgage 📩efoy@HTXMTG.com ☎️281-304-6353 Competitive Pricing, Quick Approvals, Close On Time NMLS 310856 / 218762 = #5000FannieMaeGrant #FannieMaeGrant #5000Grant #FirstTimeHombuyer5000FannieMaeGrant #FannieMaeHomeReady #FirstTimeHomebuyerGrant #DownPaymentAssistance #HoustonMortgage #TexasMortgage #HTXMTG = 🔔Subscribe to navigate the homebuying, refinance, or equity loan (HELOC) process with ease: https://ift.tt/w7zLl0F 👉Socials, Links, Website: https://ift.tt/vSiAcGw 👉Apply Now: https://ift.tt/0uHBxAF 👉Reviews: https://ift.tt/GJNp25i ✅Recommended Playlists: 👉Mortgage Tips: https://www.youtube.com/playlist?list=PLTYsNqndW-uRJwDLF45ZiIMJu6s5JpBKV 👉Mortgage Client Testimonials & Reviews: https://www.youtube.com/playlist?list=PLTYsNqndW-uQ33NpaACeUnvYDnHj0teDb ✅Videos of Interest: 👉Tap Into Your Home Equity with a Home Equity Line Of Credit (HELOC) https://www.youtube.com/watch?v=4CRXq2CF3aU 👉The Best Recommendations For Purchasing New Construction From A Builder https://www.youtube.com/watch?v=PgkPN_-Quak 👉Getting Your Mortgage Pre-Approval https://www.youtube.com/watch?v=NCKuNG7lK00 = ✅About The Home Equity Network, H Mortgage. We pride ourselves on guiding individuals through the intricate world of real estate & mortgage solutions. Our channel showcases satisfied clients who have successfully navigated the homebuying, refinance, and home equity loan (HELOC) process with our assistance. From insights on purchasing to understanding the nuances of VA Mortgages, our videos aim to educate and empower. With content that resonates with both first-time homebuyers and seasoned investors, we believe in the adage, 'Don't Wait to Buy Real Estate, Buy Real Estate & Wait.' We Provide Real Estate & Mortgage Solutions 🔔Subscribe: https://ift.tt/w7zLl0F = Disclaimer: We do not accept any liability for any loss or damage which is incurred as a result of listening to any of our publications. For all videos on my channel: This information is for general & educational purposes only. Always consult with an attorney, CPA, or financial professional for advice based on your specific situation. Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. © The Home Equity Network, H Mortgage. from The Home Equity Network, H Mortgage https://www.youtube.com/watch?v=kvGVrANOivg via The Home Equity Network, H Mortgage https://ift.tt/KMEwflv November 28, 2023 at 12:04AM

[mortagesbycheryl]

Turn your Rent into Equity: The Ultimate Guide to First-Time Homebuyer Programs!

First-Time Buyer Secrets Revealed! Are you tired of renting and dreaming of owning your first home? The journey to affordable homeownership can be within your reach, and I'm here to guide you through the process. Explore the world of first-time homebuyer programs, including FHA, VA, USDA, HomeReady, Home Possible home loans and Down Payment Assistance, designed to make your dream home a reality. Understanding Your Options: - FHA Loans: Backed by the Federal Housing Administration, FHA loans offer low down payment options (as low as 3.5%) and flexible credit requirements, making them an excellent choice for first-time buyers. - VA Loans: Exclusively for eligible veterans and active-duty service members, VA loans require no down payment, no mortgage insurance, provide competitive interest rates, and offer valuable benefits. - USDA Loans: USDA loans are perfect for buyers in rural and suburban areas. They feature low or zero down payment options, competitive rates, and income-based eligibility. - HomeReady Loans: Fannie Mae's HomeReady program provides affordable financing options for low to moderate-income buyers. With as low as 3% down payment requirement, competitive interest rates, discounted mortgage insurance and flexible credit standards, this is a fantastic option. - Home Possible Loans: Freddie Mac's Home Possible loans are designed to help first-time buyers with low to moderate incomes. They offer as low as 3% down payment options and flexible qualification criteria, giving you the chance to step into your dream home. - Down Payment Assistance To be eligible for these programs, you typically need to meet certain criteria, including: - Minimum credit score this can range from 500-640 depending on the program. - Occupancy Status: Must be your Primary Residence. - VA Loans: Must be an Eligible military service, a Certificate of Eligibility (COE), and primary residence intention. - Steady income: Lenders typically prefer to see a consistent source of income. whether that be Hourly, Salaried, Commissioned, Self Employed or Fixed Income. Have a unique scenario? Let's discuss how we can make it work. - Debt-to-income ratio: This ratio should be within an acceptable range. Each program has a different requirement ranging from 43% - 56.99%. - Proof of first-time buyer status: You'll need to confirm that you're purchasing your first home. - Income Limit Restrictions: Applies to the 3% Down Payment Options and Down Payment Assistance Coming up with a down payment and cash to close can be a hurdle for many first-time buyers. But don't worry! There are numerous avenues to obtain sufficient assets for down payment and closing costs to bridge this gap in assets. The Down Payment Assistance Programs is one of them. DPA programs can vary from city to city but typically include grants or low to no-interest loans to help cover your down payment and closing costs. Now that you've unlocked the secrets of affordable homeownership through first-time homebuyer programs, it's time to take action! If you're ready to make your dream of owning a home a reality, reach out to a Mortgage Loan Adviser here at Community Lending. With over 19 years in the Mortgage Industry, I am confident in my abilities to take your through the homebuying process. Don't walk away with only a security deposit. Walk into homeownership that allows you to build hundreds of thousands in equity, giving you the opportunity to invest in more real estate and create generational wealth. Schedule an obligation free consultation with me to discuss your unique situation and explore the options available in your area. The path to your dream home is just a click or a call away. Read the full article