My First Home

underserved in the mortgage market and/or have less than perfect credit yes (not only first-time home buyers) Freddie Mac McLean, VA Available in most parts of the U.S. None for the majority of the low down payment products N/A www.freddie mac. com/ home ownership Purchases home loans from its lending partners, enabling them to offer other home loans Offers a variety of products for those who have been underserved in the mortgage market and/or have less than perfect credit yes (not only first-time home buyers) The Nehemiah Program Sacramento, CA Available in most parts of the U.S. None, but borrower must purchase a Nehemiah participating home, occupy the home, and use an eligible loan program 877-634-3642 www.getdown payment. com Administers gift funds to buyers purchasing a Nehemiah participating home Gives down payment and/or closing costs gifts that are 1% — 6% of final contract sales price or a flat gift no greater than 6% yes (not only first-time home buyers) NeighborWorks Washington, DC Available in 48 states in the U.S. Income limits vary according to market N/A www.nw.org/ network/home. asp Administers funds for community building and to help low- and moderate-income families become homeowners Gifts vary with each program. The program offers “full-cycle lending” home education before buying the home, as well as education on maintaining the home to prevent defaulting. yes (not only first-time home buyers) Countrywide Financial Nationwide branch locations Branches in most parts of the U.S. Criteria varies according to credit score, rental history, and income 800-556-9568 http://my.country wide. com Mortgage lending institution Low and no down payment loans including the 80/20 program that gives two mortgages to cover 100% of the cost of home (under $500,000) yes (not only first-time home buyers) Wells Fargo Home Mortgage Nationwide branch locations Branches in most parts of the U.S. Criteria varies according to credit score, rental history, and income 877-937-9357 www.wellsfargo. com/ mortgage/ Mortgage lending institution Low and no down payment loans including the No Money Down Plus program, ideal for home buyers who have excellent credit, but little savings yes (not only first-time home buyers)