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 Tatiana Derovanessian Real Estate http://ift.tt/1JegytF
from Tatiana Derovanessian Real Estate http://ift.tt/1JegytF
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