WASHINGTON—Fannie Mae and Freddie Mac have announced temporary enhancements to certain homebuyer programs.
According to the two GSEs, the two enhancements affect programs that offer eligible creditworthy, very low-income homebuyers earning 50% of area median income or less a $2,500 credit that may help with down payment and other costs at closing.
The enhancements are effective March 1 and will be available across Fannie Mae’s HomeReady product and Freddie Mac’s Home Possible and HFA Advantage products.
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