Creativity Used to Finance Homes Beyond High Interest
An article outlines alternative financing methods for homebuyers facing costly mortgages. It details assumable VA and FHA loans, wraparound financing with seller second mortgages, and the risks for sellers. It also explains buy down programs where third parties subsidize initial interest rates to aid buyers, boosted by Fannie Mae’s new purchases of such loans.
MENTIONED IN THIS ARTICLE
Bank
Savings and Loan Association
FHA
Kerin
Sheehan
Savings and Loan
Association
Fannie Mae
Also Mentioned on This Page
By Louise Cook
Associated Press
Ken Kerin
The
National Association of Realtors
Bob Sheehan
National Association of Home Builders
Veterans Administration
Federal Housing Administration
Federal National Mortgage Association
Bess van Houten
Slotins
Slatins Shop For Women
Aiken
Aiken Standard
Aiken, S.C
Rive
Wood
Vinyl Center
Richland Ave. W
Wendy’s
Bankers Trust
FDIC
Hampton Ave
Six Points
Baddock
White-Westinghouse
Lakewood
Perk
Lasko