Well, you’ve realized it’s time to get some multi-family properties; we’re proud of you. We’re going to consider some of the ways you might secure funding for that purchase.

The Federal Housing Administration has announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions until at least Jan. 31, 2021.

READ

What should you know before you get into the process? The basics, an outline, and we can deal with the rest as it comes so as to not mentally overload ourselves and get process paralysis. So, let's walk thru some points that will have you feeling confident when you're standing in front of your Realtor to make your first purchase.

For the first time since March, the total number of mortgage loans in forbearance has decreased to 8.48% from the previous week of 8.55% (Mortgage Bankers Association). Currently, there are 4.2M homeowners with forbearance plans.

 

The NAR (National Association of Realtors) has released earlier this week a plan with five bullets to expand down payment assistance programs, and alternative credit scoring models, plus, improve FHA loans.

Americans have been experiencing several layoffs due to COVID-19, however, despite the critical economical situation nationwide, homeowners are seeking loans for home improvements. 

Want to buy a permanent residence but it needs some repairs? learn what is a 203k loan, who is eligible and what are the requirements! 

Learn facts about FHA loans and get ready for homeownership!