Freddie Mac HFA Advantage

2963 Amnicola Highway,Chattanooga TN 37406

14 March, 2023

Description

One of the biggest barriers to home ownership is accessing capital for down payments and closing costs. With THDA's Freddie Mac HFA Advantage conventional mortgage product, you now have another resource to help your buyers reach closing day. This two-hour class helps you learn the eligibility criteria, shows you where opportunities in the market exist, and teaches you how to put the programs beneficial lending guidelines to the best use for your clients! Benefits of Conventional Freddie Mac HFA Advantage: Down Payment $6,000 or 6% of the sales price.First Time Homebuyer Not a Requirement97% LTV (105% CLTV)Low MI Rate of 18%MI CancellationNo Loan Level Price AdjustmentsCompetitive Market Rate & CompensationDiscounted Rate for Standalone Mortgage