3 percent down loans approved by Fannie Mae and Freddie Mac

I’m not a fan of low down payment loans for home purchases, because I like to see people have equity in game. I like to see buyers show they can save money.

 

GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers

Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. »READ MORE

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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