Fannie Mae's Bold Move: New Program Opens Doors for Latino Homeownership!
Some fantastic news from Fannie Mae just released and it's all about opening up doors to homeownership for Latino communities across the country.
Fannie Mae, whose main job is to keep the housing market's cash flowing, has just unveiled a set of brand-new resources and programs to help make homeownership more attainable.
According to a study by the Urban Institute, a whopping 70% of new homeowners from 2020 to 2040 will be Latino! That's a big deal.
However, it's not all sunshine and rainbows.
Latino homebuyers have been facing a few roadblocks on the journey to owning a home, like not enough affordable houses, some credit issues, and trouble covering those upfront costs.
But Fannie Mae's new program aims to change that! Fannie Mae's HomeView, a homebuyer education course launched in 2022, will now be available in Spanish!
All courses are free of charge and will cover topics ranging from financial literacy to homeownership. This is yet another resource our clients can add to the library of resources already available to you here on our website!
Plus, remember that you also have a real-life mortgage professional, ready to answer your questions. Get in touch with us today and let's talk about how to start your path to affordable homeownership.