• CMG MORTGAGE, INC. NMLS #1820
  • Jason Haley
  • News
  • How sweat equity and a little home DIY can help you avoid a down payment on mortgage loan

How sweat equity and a little home DIY can help you avoid a down payment on mortgage loan

  • March 04, 2019

Saving a down payment is challenging for many first-time home buyers, and even if they manage it, more obstacles lie ahead.

After choosing a lender and getting approved, buyers still have to find a good house that fits their budget. Looking at fixer-uppers can expand their options, but not everyone can afford major improvements after such a big purchase.

Buyers could find a solution in Home Possible, a low-down-payment conventional mortgage from Freddie Mac. These loans offer an attractive option for borrowers willing to apply a little elbow grease: a sweat equity provision that can eliminate the need for a cash down payment.

Read more at USAToday.com

Jason Haley
Area Sales Manager
NMLS # 116361
Branch NMLS # 1627273


Jason Haley

PHONE:
jhaley@cmgfi.com

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