Fannie Mae launched its new homebuyer application HOME that educates future homeowners about the steps and responsibilities of buying and owning a home.
The app is part of Fannie’s ongoing efforts to help its partners expand access to mortgage credit for qualified buyers by providing educational resources to reduce barriers to homeownership.
The application features:
- Dashboard and checklist to track their progress
- Four financial calculators: Estimate affordability, Calculate mortgage payment, Plan and budget for a down payment, Learn how paying ahead can save money and reduce loan payback times
- HUD-approved housing counseling agency “locator tool”
- Articles, videos, and more
For more information, watch this informative video on how to navigate the app.