HomePath And HomeSteps May Be The Best Way To Purchase A Home … Personally I Have To Live With Others Or In Public Housing

Irvine Renter in article Fannie Mae and Freddie Mac are aggressively liquidating their REO writes Many buyers of GSE properties use FHA loans requiring only 3.5% down. Fannie Mae even has it’s own low-money-down program. With the GSEs covering all other closing costs, they are getting those buyers with only the absolute minimum down payment.

With an income below the poverty level, my housing choices are Public Housing or living in a boarding house such as the one at Potter and Humbolt in the York neighborhood of Bellingham WA 98225, where one can rent a room at $350 plus utilities, $200 move-in deposit; utilities can run up to $100 a month.

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