Being that I am Mortgage Banker that happens to be a Young Professional, I tend to work with a lot of First Time Home Buyers, Millennial’s & Young Professionals. One of the questions that I am constantly asked is “How long after graduation do I need to wait until I can purchase my first home?” or some people tell me that they know that they “Cannot purchase a home because they started their first job only a few months ago”.
Fannie Mae recently made the change to go from requiring at least 5% down to only 3% down. This is for first-time homebuyers only and a cheaper option than going with an FHA mortgage. Call today for more details (954) 903-7256!