After spending the past few years researching and getting feedback from lenders and home buyers, Fannie Mae announced that it will provide an enhanced affordable lending product designed to be more flexible to meet the financial needs of responsible, credit-worthy buyers.
The program has new guidelines (like I've never seen before!) to meet the many financial challenges today's would-be homebuyers are facing. Many can't afford a large down payment, they may have multiple student loans, and/or they may rely on income from non-traditional sources, such as parents or other family members. These factors have impacted the ability of a lot of people from qualifying for a mortgage. Well, that may be about to change . . . perhaps for YOU!
The new program, called the HomeReady™ Mortgage, will be available from lenders later this year, and will offer expanded eligibility guidelines that will be real game changers for a lot of people who could not previously qualify for a mortgage. If any of these new guidelines apply to you, then this may be the year when you realize your dream of homeownship!
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.
ATTENTION HOME BUYERS!! You are invited to join us for the "Lakeside Lender Spotlight Night" Friday, March 11 at 6:30 p.m. at the Lakeside Realty office.
A life-long resident of the Mahoning Valley, Katie Olson graduated from Youngstown State University with a Bachelor’s degree in Early Childhood Education, received an endorsement in Educational Technology, and then a Master’s Degree in Curriculum and Instruction. 
Stephanie Torok has lived and worked in the Mahoning and Trumbull County areas for the last 20 years. 
Born and raised in the Youngstown, Ohio area Matthew lived and worked for many years throughout the country before ultimately coming back “home” in 2009. Formally trained as a commercial real estate investment advisor in Tampa Bay, he was part of a select team involved in over $750 million of commercial assets transacted between 2004 - 2008. Prior to this, Matthew held a senior management position in Washington Mutual Bank’s 1031 Exchange department, heading their Southeastern U.S. division also based out of Tampa Bay.