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A Guide to First-Time Homebuyer Programs in 2023 

Post For many homebuyers, this purchase is the most significant that they will make in their lifetimes. From the outside looking in, the home buying process can seem daunting. Fortunately, first-time homebuyer programs help ease your financial burden and provide additional…
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How to Save on Your Down Payment with an FHLB Grant

Post We all dream of our perfect home. Maybe yours has a spacious backyard for your pets to roam. Or perhaps it’s an apartment with a nice view of the sunset each evening. While it’s easy to visualize what you want…
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What is the FHFA First-Time Homebuyers Rate Discount?

Post Last year the Federal Housing Finance Agency (FHFA) announced changes to Fannie Mae and Freddie Mac’s pricing structure to reduce fees for certain homebuyers and mortgage products.   The intent of these changes is to help more Americans become first-time homeowners…
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What is a Buydown on a Mortgage?

Post Buying down the interest rate on a mortgage loan can be an effective way to save money and potentially get into your dream home faster.  The savings from any buydown option will translate into lower monthly payments for you as…
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FHFA Announces New Conforming Loan Limits for 2023

The Federal Housing Finance Agency (FHFA) recently announced new loan limits for 2023, which will provide more flexibility to homebuyers in high-cost areas. These are known as conforming loan limits.  The baseline conforming loan limit for a single-family home increased…
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First Heritage Mortgage Opens New Branch in Charlotte, North Carolina

First Heritage Mortgage Opens New Branch in Charlotte, North Carolina CHARLOTTE, NC ­­– First Heritage Mortgage continues to grow its lending footprint in North Carolina with a new office in Charlotte (Branch NMLS ID #2456404). The North Carolina market is part of…
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