June 7, 2023
The Breakdown
Big Change for First-Time Homebuyers!
Effective June 12th, the Federal Housing Finance Agency will be increasing the Area Median Income across the country.Why is this important?
Well, the AMI limits trigger whether a borrower qualifies for great first-time homebuyer products that offer down payment assistance, like our 1% down or the Home Possible program.Reach out to us if you have any questions!
1% Down Program
One of our lenders is willing to grant qualified borrowers up to $4,000 toward their down payment, leaving more money in their pocket for closing and moving costs!
This grant gives borrowers the option to do a 3% down conventional loan while only having to come up with 1%!
