Freddie mac conference full#
Freddie mac conference plus#

We provide an engaging environment for discussion on many issues facing homebuyers of color, bringing together industry leaders as well as our “boots on the ground” affiliates. If you are looking for how your organization can respond, join the conversation with some of the mortgage industry’s leaders and learn about the initiatives and best practices they are implementing.

It is incredibly gratifying to engage in a true exchange of ideas with others who share our values regarding diversity and inclusion in business, as well as our commitment to eliminating barriers like the wealth gap.

We are incredibly pleased to welcome back many panels and speakers, who share our passion and are collaborating with us to eliminate problems for homebuyers. With so many speakers, there’s something for everyone We’re going to be here next year and we love supporting this organization and its conference.” Mike goes on to say, “We’re thrilled to be here. He says that there are many reasons he attends: “The HomeFree Reaching Millions Conference is inspirational for those at Freddie Mac, for networking, for information related to our business, and meeting individuals who we can help.” Mike is a longtime supporter of HomeFree-USA and an attendee of our Reaching Millions Conference. Since its founding in 1970, Freddie Mac has “made home possible” for over 80 million homebuyers. Mike Dawson is the Vice President of Affordable Lending at Freddie Mac, the $15B secondary mortgage market giant representing over $2 trillion in assets. Program Comparison Matrix: HFA Advantage vs Great ChoiceĠ1.23.20 New GC97 Freddie Mac HFA Advantage AnnouncementĠ1.27.20 GC97 Rollout to Lenders in PhasesĠ6.09.One partner we are always excited to see at our Reaching Millions Conference is Mike Dawson.HFA Advantage Program Guidelines -See SECTION X of OA Guide.Become an Approved Freddie Mac HFA Advantage Lender.Since this is not a bond loan, there are not any pre-closing disclosures needed, such as affidavits.Qualifying income of the borrower(s) on the loan is used instead of household income limits.Income limits apply differently for the HFA Advantage than Great Choice.Flexibility for loan qualification for borrowers with student loan debt.

Freddie mac conference plus#

Highlights for HFA Advantage and HFA Advantage Plus The loan may also be used to pay closing costs. HFA Advantage Plus- Amortizing Option (Payment) - THDA will provide 6% of the sales price in the form of a second mortgage loan on your home, that is paid in monthly payments over 30 years at an interest rate that is the same as the first mortgage rate.

Freddie mac conference full#

The loan will be due in full at the time the home is refinanced or sold. The loan has a 0% interest rate and the payments are deferred until the end of the 30 year term, at that time the loan is forgiven. HFA Advantage Plus- Deferred Option (No Payments) - THDA will provide $6,000 in the form of a forgivable second mortgage loan on your home. There are two options for down payment assistance. The Freddie Mac HFA Advantage Program® offers an insured conventional mortgage loan secured by a first mortgage with the options of down payment and closing cost assistance.ĭown Payment Assistance - If you qualify for the Freddie Mac HFA Advantage® Program, you can also apply for down payment assistance in the form of a HFA Advantage Plus second loan to help with your down payment and/or closing costs.