State Housing Finance Agency Programs May Default Less Than Private Market Mortgages

State housing finance agency (HFA) programs come with great incentives for low-to-moderate income first-time homebuyers, including a lower down payment and down payment or closing cost help. But, what about the old “skin in the game” argument?

Some believe the only safe mortgages are those that require large down payments and loans with assistance are more risky. However, a new analysis shows that HFA loans may be less likely to default than conventional, private market mortgages. keep reading

Should You Dip Into Retirement Savings For Your Down Payment?

We know, saving for a down payment can be the most difficult part of home buying, especially for first-timers who don’t have the proceeds from a previous home sale to help with their down payment.

You may already be saving for retirement through your 401K or IRA. If it’s your biggest source of savings, you may be tempted to borrow from yourself to get that down payment now. But, should you? keep reading