3% Down Payments are Here – Mortgage Lending Loosening – December, 2014

National Association of Realtors

3% Down Payments are Here – Mortgage Lending Loosening – December, 2014

“Mortgage giants Fannie Mae and Freddie Mac announced Monday that first-time home buyers can now qualify for loans with down payments as low as 3 percent. That will expand credit for qualified home shoppers who may have been sidelined the last few years because of higher down-payment requirements, housing analysts say.” Click here for full story.