Fred’s Head from APH, a Blindness Blog

Fred’s Head, offered by the American Printing House for the Blind, contains tips, techniques, tutorials, in-depth articles, and resources for and by blind or visually impaired people. Our blog is named after the legendary Fred Gissoni, renowned for answering a seemingly infinite variety of questions on every aspect of blindness.

(See the end of this page for subscribing via email, RSS, browsing articles by subject, blog archive, APH resources, writing for Fred's Head, and disclaimers.)

Search

Loading...

Friday, November 18, 2005

Fannie Mae Mortgage Program Gives Disabled Borrowers Chance At First Home

Affording a home isn't always possible for people with disabilities, who typically have lower-paying jobs and steeper monthly medical bills.

A Fannie Mae program, known as Community HomeChoice, offers flexible mortgage, credit and income guidelines for low- and moderate-income disabled people. It requires only $500 down for a traditional 30-year, fixed-rate mortgage, and participants can count the public benefits they receive as income to qualify for a mortgage. It also allows relatives who have a disabled family member living with them to get a loan.

The new program became available nationwide last year. Loans typically go for about 4.9 percent to borrowers with good credit. Borrowers who put down less than 20 percent still must pay mortgage insurance.

Nationally, one in five people age 5 or older have some type of long-term disability, according to the 2000 census. In South Florida, one in three say they have a disability.

For more information on the Community HomeChoice program call Fannie Mae's Consumer Resource Center at 1-800-7FANNIE (1-800-732-6643). You may also click this link to visit the Community HomeChoice information page at eFannieMae.com.

1 comment:

Sasha Peterson said...

An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not mortgageloan loan the money himself. Brokers usually charge a fee or receive a commission for their services.

Subscribe to receive posts via email

* indicates required

Browse Articles by Subject

Follow us on Twitter

Archives

Write for us

Your input and support in the evolution of Fred's Head are invaluable! Contact us about contributing original writing or for suggestions for updating existing articles. Email us at fredshead@aph.org.

Disclaimers

The American Printing House for the Blind (APH) makes every attempt to ensure the accuracy and reliability of the data contained in the Fred's Head articles; however, APH makes no warranty, guarantee, or promise, expressed or implied, concerning the content or accuracy of the information provided in Fred's Head. APH does not endorse any technique, product, device, service, organization, or other information presented in Fred's Head, other than products and services directly offered by APH.



The products produced by the American Printing House for the Blind are instructional/teaching materials and are intended to be used by trained professionals, parents, and other adults with children who are blind and visually impaired. These materials are not intended as toys for use by children in unstructured play or in an unsupervised environment.





The information and techniques contained in Fred's Head are provided without legal consideration (free-of-charge) and are not warranted by APH to be safe or effective. All users of this service assume the risk of any injury or damage that may result from the use of the information provided.





Information in Fred's Head is not intended as a substitute for professional advice or treatment. Consult your physician before utilizing information regarding your health that may be presented on this site. Consult other professionals as appropriate for legal, financial, and related advice.





Fred's Head articles may contain links to other websites. APH is not responsible for the content of these sites.





Fred's Head articles created by APH staff are (C) copyright American Printing House for the Blind, Inc. You must request permission from APH to reprint these articles. Email fredshead@aph.org to request permission.





Any submissions to Fred's Head should be free of copyright restrictions and should be the intellectual property of the submitter. By submitting information to Fred's Head, you are granting APH permission to publish this information.





Fair Use Notice: This website may contain copyrighted material whose use has not been specifically authorized by the copyright holder(s). This site is operated on the assumption that using this information constitutes 'fair use' of said copyrighted material as provided for in Section 107 of U.S. Copyright Law.





Opinions appearing in Fred's Head records are solely those of the contributor and do not necessarily reflect the views of the American Printing House for the Blind.