– First time home buyer programs help you buy your first home with solutions such as low down payment loans, grants, and lenient guidelines to qualify.. Must meet income requirements;. fannie Mae’s HomeReady mortgage program has expanded eligibility to help low- and moderate- income.
Bill would aid mortgage applicants who rely on the gig economy for earnings – “I deal with a lot of people who fall out of the guidelines,” says Don Calcaterra. An auto-industry worker wanted to buy a home using his full-time employment income and earnings from a small.
Mortgage investors want to make it easier for gig-economy workers to get loans – Gig earnings can be substantial – thousands of dollars a month – but if that money can’t qualify as “income” under existing mortgage-industry guidelines, it may not help in buying a home with a.