Sentences with phrase «buyers in high cost areas»

Not exact matches

By offering a «high balance» loan of $ 561,200 in higher - cost areas, buyers retain access to the most popular loan program on the books.

A report by Community Research for Action concluded that in areas with high minority populations, home buyers were more likely to end up with «high cost» FHA mortgages.

Interest rates have plummeted to record lows and that increases affordability for first time home buyers in New Jersey, New York and Connecticut which helps out significantly in the high cost areas.

In high - cost areas, the increase could bring more buyers into the market.

Media winner eHome America, a product of the Community Ventures Corp., in Lexington, Ky., was represented by Senior Executive Vice President Sandra Noble Canon, who shared how an online home buyer education tool is a low - cost option for offering high - quality home buyer education to individuals in rural areas of the state with limited local resources.

Thus, first - time buyers are facing acute affordability challenges in some high - cost areas.»

Fannie and Freddie have made it easier for home buyers in «high - cost» areas to get mortgage - approved.

As such, first - time home buyers may have a tougher time in high - cost areas.

«With rents taking up a larger chunk of household incomes, it's difficult for first - time buyers — especially in high - cost areas — to save for an adequate down payment.»