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Freddie Mac offers $2,500 credit to low-income homebuyers for down payment, closing costs, amid high rates and low supply.
Freddie Mac has announced that it will be offering a $2,500 credit to very low-income purchase borrowers, to help with down payment and closing costs amid elevated interest rates and low housing supply.
The credit will be available for homebuyers earning 50% of area median income or less, through Freddie Mac's Home Possible and HFA Advantage mortgage products.
The credit can be used for down payments, closing costs, escrow, and mortgage insurance premiums.
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Freddie Mac ofrece un crédito de $2,500 a compradores de viviendas de bajos ingresos para el pago inicial y los costos de cierre, en medio de altas tasas y poca oferta.