Median Income to be used for HomePossible®

Every year we hear the new “area median adjusted gross income” figures. If you don’t know what they’re about, you may want to pay attention – especially if you’re not FHA-approved! A HomePossible® Mortgage is one of the best alternatives for getting borrowers approved that are not quite as “perfect” as the other Fannie & Freddie borrowers.

(Freddie Mac Bulletin, July 31, 2008)

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