Tag - loan programs

Is the HERO Program a Good Idea?

The HERO Program is a Property Assessed Clean Energy Program provided by the Federal Government to provide financing for energy-efficient, water efficient, and renewable energy products to home and businesses in approved communities, specifically in California. This program was developed in 2010 in Riverside County California. We became the first region to offer this program and is now available to over 85% of people living in California. But what does this really mean in everyday terms?  How it works: If you are eligible, the HERO Program will allow 100% financing of the cost to purchase and install eligible energy-saving products to your [...]

What is the HomeReady™ Program and Do I Qualify?

We've been hearing a lot of talk lately about Fannie Mae's HomeReady™ Program but what is it and how can it work for you? This program is designed for today's homebuyers. It is designed for creditworthy, low to moderate income borrowers. This program was created back in December 2015 and is backed by Fannie Mae, the Federal National Mortgage Association, a government-sponsored enterprise since 1968. This is allowing people in lower income neighborhoods and in minority-heavy areas to get easier access to low down payment mortgages using today's current interest rates. The HomeReady™ Program a 3% down payment and it also allows [...]

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