SOUTH-CENTRAL : Fannie Mae Makes Home Buying Easier
Fred Thomas III wants to get the word out about a program aimed at helping low- and moderate-income residents buy a home.
Under the House America program, sponsored by the Federal National Mortgage Assn., clients are only required to come up with a 5% down payment instead of the standard 10%.
“We’ve had clients who have lived here 10 or 15 years who may not have a bank account and didn’t think they could qualify,” said Thomas, president of Professional Realty Mortgage.
Thomas’ company is one of several smaller companies working with Countrywide Funding, a national mortgage company that offers loans under the House America program. The program is open to low- and moderate-income buyers of single-family homes or condominiums.
More information about the program is available at Professional Realty Mortgage’s booth at the Black Family Reunion today at Exposition Park.
Information: (213) 385-5123.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
