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Freddie Mac Expands Assistance for Very Low-Income Purchase
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Overview
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Freddie Mac expands assistance for very low-income purchase by offering a $2,500 credit to help with down payment and closing costs. The initiative is available for borrowers earning 50% of area median income or less.
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How does the $2,500 credit from Freddie Mac compare to other financial assistance options for low-income homebuyers?
How will the expansion of assistance for very low-income purchase impact the housing market?
What other measures is Freddie Mac taking to make homeownership more accessible for low-income families?
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