Sentences with phrase «moderate income families buy»
Part of the AmeriDream mission is to help low and moderate income families buy homes by offering down payment assistance.
https://www.fha.com/ Not exact matches
The historic action raised the required percentage of mortgage loans for low - and moderate - income families that the companies must buy from the current 42 percent of their total purchases to a new high of 50 percent — a 19 percent increase — in the year 2001.»
It was created in 1968 to assist low - and - moderate - income families buy homes in Troy.
FHA guidelines are designed to assist moderate income and credit challenged families with buying and keeping homes:
The Federal Housing Administration, a division of the Department of Housing and Urban Development, was created 80 years ago to help low - and moderate - income families borrow the money they need to buy a home.
It seems likely that the government would continue to play a significant role in working with lenders and communities in support of affordable housing and home loans, but the administration is suggesting changes that could make home loans less affordable for first time buyers with little cash and moderate income families currently depending on FHA for buying homes or refinancing existing mortgage loans.
For those trying to buy a home, more stringent lending standards and higher down payment requirements are making it difficult for moderate - income families to become homeowners.
Fannie Mae is a private, shareholder - owned company based in Washington, D.C., that provides financial products and services that make it possible for low -, moderate - and middle - income families to buy homes.
Fannie Mae's Community Home Buyer's Program An income - based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low - or moderate - income family's buying power and to decrease the total amount of cash needed to purchase a home.
The City of Lakes Community Land Trust Homebuyer Initiated Program offers grants to low - to moderate - income families to help them buy a home.