Monthly Archives: January 2010

Fannie Mae Offers New Incentives for Homebuyers

Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on that are closed within this period may receive up … Continue reading

Posted in Down Payment Assistance, FHA, Fannie Mae & Freddie Mac | Tagged , | Leave a comment

FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced on January 19. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a … Continue reading

Posted in FHA, Fannie Mae & Freddie Mac, Real Estate News | Tagged , , , | Leave a comment