Freddie Mac · OTC:FMCC
Freddie Mac — Fact Sheet (May 2020)
1 slide from Freddie Mac's fact sheet, May 2020
Slide 1: HFA Advantage vs. FHA: A Side-by-Side Comparison
HFA ADVANTAGE® VS. FHA: A SIDE-BY-SIDE COMPARISON Assumptions: • 30-year fixed rate mortgage • Two borrowers • Qualifying income ≤ 80% area median income • Purchase price= $200,000 • FICO score = 700 • Scenarios 1 and 2 require 18% mortgage insurance (MI) coverage • $400 monthly taxes and insurance