ARTICLE: Houston Freddie Mac Home Possible Neighborhood Solution Information
Date Added: 2007-05-25
In some parts of the country a decent house in a good school district could requite 25,000 for a 10 percent down payment, plus payments of 2,500 per month. Our country has great wealth and many people can afford the cost of living in these areas. However for some key people that work in the community it is hard to afford to live there. Several plans have been designed to help select professions to own affordable homes. The largest by far are programs from Fannie Mae and Freddie Mac.
The Freddie Mac Home Possible Neighborhood Solution Mortgage is a specialized program to help key members of our community afford a home. Eligible homebuyers include teachers, healthcare workers, law enforcement workers, firefighters, and military personnel. |
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