June 8, Freddie Mac Form

Instructions and help about June 8, Freddie Mac

so today we're going to be talking about freddie mac's borrow smart program so what this is is this is a closing cost assistance program for low to very low income now before we even get into it and i have it up here so i can cover a couple things also it's pretty it's pretty detailed there's not like three bullet points um i want to make it really clear it does not cover all closing costs okay because a lot of times with the closing cost assistance program you're like sweet i don't need to worry about closing costs no the max amount that you can get from this program is 2500 okay so will that cover your closing costs no no not unless the seller is paying you know if you get a closing cost credit but no it won't and this can only be paired with home possible or home one mortgages which are conventional mortgages so this isn't something that you're going to see paired with fha va usda it's going to be paired only with those mortgages now what are the big things well first of all the max