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Updated almost 5 years ago,

Rachel Caron's profile image
Rachel Caron's profile image
Rachel Caron
  • Member since Mar 4, 2019
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Rachel Caron's profile image
Rachel Caron's profile image
Rachel Caron
  • Member since Mar 4, 2019
Connect
Rachel Caron
6
Votes |
3
Posts
Buying & Selling Real Estate

HomeReady and Home Possible Loans

Rachel Caron
Posted

Does anyone here have any experience with the Fannie Mae HomeReady or Freddie Mac Home Possible loan programs? I am exploring my options for my first property and am intrigued by these. They are a little different from each other but have enticing pros (3-5% down, drop PMI at 80 LTV, etc..).

How do their rates normally compare to standard conventional loans and FHA loans? Are these ideal loans for someone wanting to house-hack their way into a real estate career? How do these compare to WHEDA loans? FHA loans?

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