The excitement of choosing a floorplan, envisioning your rooms and selecting options is undeniable, but before you get to that fun part of purchasing a new home, you need to be financially ready. In fact, your financial preparation should begin before you start looking at new homes so you can visit models with confidence about
Standard Down Payment Goes Down, New Home Ownership Opportunity Rises
Good news for people shopping for a new home—some homebuyers may be eligible to make a down payment as low as 3 percent under new lending guidelines announced in December 2014 by Fannie Mae and Freddie Mac. The new loans will be 30-year fixed rate loans made to qualified buyers for primary residences, although policies
