Saving for a down payment is one of the biggest obstacles to homeownership in the United States, even for buyers who can afford monthly mortgage payments. Having to gather thousands of dollars upfront ...

Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program.

Initiative aims to remove confusion and improve access for homebuyers seeking down payment assistance. Freddie Mac wants to standardize and streamline down payment assistance (DPA) programs.

Down payment assistance (DPA) programs provide homebuyers with loans or grants to help cover the down payment and closing costs. These programs are typically reserved for first-time homebuyers or ...

Home prices have surged in recent years. Luckily, thousands of programs provide assistance for down payments. Shutterstock Purchasing a home is a lot more complicated than swapping cash for a set of ...

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. But the good news is, more ...

MCLEAN, Va., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment ...

On December 4, Freddie Mac announced new, standardized mortgage documents aimed at of making down payment assistance (DPA) programs more accessible nationwide. According to Freddie Mac, the ...