I’ve been told I can buy a Home !

As, information becomes available, I will be adding it to this WordPress post. I do not know, yet, what President Trump’s proposed budget contains as far as where his budget cuts are, I sincerely hope, he is not cutting FHA, etc. I am a senior citizen, 75 years old on a very fixed income
In this section: { “ Supporting extended families. For the first time, income from a household member who is not a borrower (i.e., they won’t be on the mortgage) will be considered. This means in multi-generational households, the income of children, grandparents, other extended family members and non-relatives may help buyers qualify for a HomeReady mortgage.
{ This is the most welcome information for me. My Sister, Gail has had a vision for decades of several of us living as a commune. In my case my only income is my Social Security, and when I spoke with “Mortgage Mike “ , it was regarding a family member and myself, buying together. I, alone, will qualify for only up to $50,000 total payment of PITI, “ the sum of monthly principal, interest, taxes, and insurance. “ when I sold our first and only home in 1995, it had two mortgages on it, with a sales price of $67,000 . We had bought it in 1976 for $33,500.00 and added the inground pool and enclosure, a detached garage plus ~~ therefore, adding the second mortgage.
https://www.zillow.com/homedetails/…
Right now, I am doing research and one home I came across states
“ This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply. “
So, then I went to: “ If you’re a First-Time Homebuyer, we encourage you to take this education course to prepare you for the responsibilities of homeownership. After completing the course, if you attach the course completion certificate to an initial offer and successfully negotiate a purchase of a HomePath property, “ And a mortgage person told me , as long as I have not purchased a home in the past three years, I qualify for “first time home buyer “
https://www.homepath.com/ready_buye…
“ Supporting extended families. For the first time, income from a household member who is not a borrower (i.e., they won’t be on the mortgage) will be considered. This means in multi-generational households, the income of children, grandparents, other extended family members and non-relatives may help buyers qualify for a HomeReady mortgage.
{ This is the most welcome information for me. My Sister, Gail has had a vision for decades of several of us living as a commune. In my case my only income is my Social Security, and when I spoke with “Mortgage Mike “ , it was regarding a family member and myself, buying together. I, alone, will qualify for only up to $50,000 total payment of PITI, “Mortgage payment+ Insurance+Taxes+ “ when I sold our first and only home in 1995, it had two mortgages on it, with a sales price of $67,000 . We had bought it in 1976 for $33,500.00 and added the inground pool and enclosure, a detached garage plus ~~ therefore, adding the second mortgage.
https://www.zillow.com/homedetails/…
Allowing co-borrower flexibility. All borrowers do not have to reside in theas had property. For example, parents, who won’t be living in the home, can be co-borrowers on the loan to help their children qualify for a mortgage and purchase a home. Income limits may apply.”
http://www.knowyouroptions.com/home…
Buying a home is a big deal, whether you’re doing it for the first time or getting back into the ever-changing market. We want you to navigate all the steps of the process informed and with confidence. That’s why we partnered with Framework, a leading provider of online homebuyer education. For a one-time fee of $75, Framework can help you (and a co-borrower) prepare for possibly the largest purchase of your life. “

https://homepath.frameworkhomeownership.org/…

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