The annual State of the Nation’s Housing Report published by Harvard’s Joint Center for Housing Studies reported that nearly 39 million households are spending too much on rent. So much that they have little left over for necessities like groceries, healthcare, and child care – let alone any left over to save for a down payment on a home.
And, according to Fannie Mae’s Economic and Strategic Research Group, renters see affording the down payment or closing costs as one of the biggest obstacles to getting a mortgage. Read on to find out how the Fannie Mae HomeReady® mortgage can help get low- to moderate-income borrowers with moderate savings into homes they can afford today.
Join The Mortgage Collaborative and Fannie Mae for a live webinar and learn how to Close More Loans With HomeReady® Mortgage - Tuesday, November 28th at 1 PM Eastern | 10 AM Pacific.