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First Home Advantage
Today we introduced the First Home Advantage loan product, which improves pricing of loans for eligible buyers, mostly for but not just limited to first time buyers. Fannie Mae and Freddie Mac, entities of the federal government, removed loan level pricing adjustments (LLPAs) on all Home Ready loans and also on loans where at least…
Read MoreHome equity lines of credit
We offer home equity loans but not home equity lines of credit. A home equity line of credit (HELOC) is generally a 2nd mortgage loan you take out in addition to the loan that you currently have. Most homeowners take out a HELOC to finance home renovations. Or, you could take out a HELOC to…
Read MoreHome Equity Loan
A home equity loan is a secondary mortgage behind your existing loan! It allows you to cash out equity for a variety of purposes including financing renovations or consolidating higher interest rate debt. This loan is available on a primary or secondary residence. Your existing mortgage plus the new home equity loan can finance up…
Read MoreCommunity
This program is eligible for loans closing up until 6/20/25 and thereafter it will be closed. Our Community grant is paired with a conventional 30-year fixed mortgage, and is a $3,000-$5,000 grant depending on eligibility and income. It’s available in MD, DC and VA. This grant may be used towards a down payment or…
Read MoreHome Ready and Home Possible
There are two really great loan programs offered by Fannie Mae (Home Ready) and Freddie Mac (Home Possible) that combine low down payment loans with superior mortgage terms. These products even have better terms in many cases than standard conventional financing at a variety of down payment amounts. Program Highlights: 3% Down minimum for loan amounts up to…
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