This program is designed for low income borrowers who are able to make monthly mortgage payments, but don't have enough funds saved up for a down payment. (fha.com)
They also argue that the inclusion of limited rental payment data gives lower income borrowers a better chance of approval. (theinstitutionalriskanalyst.com)
This agency also offers mortgage credit certificates that are available to police officers, teachers, veterans and other low income borrowers. (firsttimehomefinancing.com)