When it comes to Hispanics and real estate, it’s important not to generalize and stereotype. After all, the term "Hispanic," is an umbrella term that almost unrealistically groups together an enormous and diverse population of people that includes Ecuadorans, Puerto Ricans, Dominicans, Hondurans, Mexicans, Argentineans, and people from many, many other countries.On Monday, the ""Federal Housing Administration"":http://portal.hud.gov/portal/page/portal/HUD/federal_housing_administration (FHA) announced new rules to further reduce and better manage counterparty.
An FHA loan can clear the path for first-time homebuyers, as long as. the US government does offer some home loan programs that can make.
Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%. Cons Doesn’t offer home equity loans or HELOCs.