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Home / Posts / Big Updates: $2,500 Credit, Housing Grants, And More Benefits!

Big Updates: $2,500 Credit, Housing Grants, And More Benefits!

1. $2,500 New Credit For Homebuyers

Fannie Mae has just announced a $2,500 adjustment credit for low-income home-buying borrowers. ​​This new credit can be used for down payments or closing costs through their HomeReady mortgage program. If your household income is at or below 50% of the Area Median Income, you only need a 3% down payment. Learn more information from here.

Big Updates: $2,500 Credit, Housing Grants, And More Benefits!_2
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