Freddie Mac is launching a new program that allows lenders — and even interested home buyers — to have a bird’s eye view of down payment assistance programs
Home buyers and their mortgage lenders will have an easier time looking for down payment assistance under a new program launched by Freddie Mac.
According to data from Freddie Mac, the majority of qualifying home buyers receive over $6,000 in down payment assistance: 48% receive assistance between $6,000 to $8,999, and 27% receive over $9,000. “That’s the gap we are trying to close, is that when someone thinks about , it can make sure that they’re taking advantage of what’s available, what they may qualify for, or what may be readily available,” he said.
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