[picappgallerysingle id=”269160″]Fannie and Freddie Offering Hard-to-Beat Deals
This is good news for those of you who want to purchase a home but are affraid of the down payment! Fannie Mae and Freddie Mac are trying to sell off 150,000 foreclosed homes by offering low down payments, no requirement for mortgage insurance, and up to $30,000 added to the mortgage for renovations. Also, the real estate practitioner selling the property gets a $1,500 bonus. Buyers who plan to live in the properties get a 15-day chance to view the homes before investors can purchase them.