Affordable Housing Definition
Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income.
Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage Calculators are used by consumers to determine monthly repayments and by mortgage providers to determine the financial suitability of a home loan applicant.
Affordable Housing Opportunities
Down Payment Assistance Programs
Down payment assistance occurs when part of your down payment is funded by the government – most commonly at the state or local level – by a nonprofit charitable organization or other public entity, by a labor union or even by an employer. Sometimes lenders have programs to provide a form of down payment assistance.