Single Mothers Buying First Home (LIMITED)

: These Fannie Mae and Freddie Mac programs allow 3% down payments and can count income from boarders or child support.

: Lenders typically require two years of steady income; be prepared to document child support, alimony, or part-time work as eligible income sources. single mothers buying first home

: A preapproval letter from a lender like those found via the Consumer Financial Protection Bureau clarifies exactly how much you can afford and makes your offers competitive. Financial Assistance & Loan Options : These Fannie Mae and Freddie Mac programs

: Every state has a Housing Finance Agency (HFA) that manages grants and forgivable loans often covering 3%–5% of the home price. Find your state's agency through the NCSHA directory. Financial Assistance & Loan Options : Every state

: Offer 100% financing (no down payment) for homes in eligible rural and suburban areas.