Suggested Audience(s): Homeownership Program Administrators, Lenders, CLT & Nonprofit Staff, and Advocate
Date: March 17
Did you know that Freddie Mac has revamped their mortgage product offerings for borrowers interested in homes with resale restrictions? Freddie Mac listened to the field, made updates to its mortgage products and announced new flexibilities to support financing of resale-restricted properties that better serve shared equity homeownership programs. Changes go into effect on March 1, 2020.
Please attend this webinar so that you don’t miss out on learning about the Freddie Mac products and what you need to do to ensure your programs and buyers are able to access these mortgages. This is relevant to any below market-rate homeownership program, including inclusionary housing, shared equity programs, and community land trusts that use deed restrictions to restrict resale prices. Grounded Solutions Network encourages you to register today to get the necessary information to pass along to lenders and ensure that your homebuyers and homeowners have more access to mortgage financing!