Low Down Payment Home Loans: Which is Best for You? Thanks to shifts in the lending landscape, the dream of buying a home is becoming a reality for many Americans. The Federal Housing Administration (FHA) recently made a drastic 0.5-percent cut to mortgage insurance fees, making this 3.5-percent down payment loan option much more affordable for home buyers. And just before that, Fannie Mae and Freddie Mac rolled out loans that require down payments of just 3 percent. Given these new developments, how can you determine which low down payment loan is right for you? The first step is understanding the associated fees.
from Century 21 Eudan Realty-Rutherford http://ift.tt/1JegytF
from Century 21 Eudan Realty-Rutherford http://ift.tt/1JegytF
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