Items Tagged with 'Down payment programs'

ARTICLES

  • Freddie Mac to allow some borrowers to use “sweat equity” to cover entire down payment

    GSE expands “sweat equity” loan program
    Freddie Mac has long allowed certain borrowers to use “sweat equity” to cover a portion of their down payment, but now, the GSE will allow borrowers to use “sweat equity” to cover their entire down payment. Under the expansion, certain borrowers will be able to “sweat equity,” materials provided or labor completed by a borrower to improve a house before closing on the property, as their full down payment.
    Read More
  • Employers can now contribute to their employees’ down payments, just like a 401(k)

    HomeFundMe, a crowdfunding down payment site, expands
    Many employers offer a number of benefits as a way to entice new employees to join the company, including health insurance, paid time off, and contributions to the employees’ 401(k) account. While employees may not see the benefits of their 401(k) until they retire, employers can now offer a new benefit that employees will be able to use much sooner – help with a down payment on a house.
    Read More