Ready to Own? Freddie Mac Unleashes $2,500 Homebuying Credit!

Great news! Freddie Mac is rolling out an exciting $2,500 credit tailor-made for low-income families, offering a helping hand to overcome the hurdles of down payments and closing costs.

Starting March 1, 2024, this credit is a game-changer for those earning 50% or less of the area median income, making the dream of homeownership more achievable than ever.

The flexibility of the credit is a standout feature, covering crucial aspects like down payments, closing costs, escrow, and mortgage insurance premiums – a comprehensive solution to ease your journey into homeownership.

This credit applies to specific Freddie Mac loan programs, so please get in touch with our office to learn about the various homebuying credit programs you may qualify for.