Items Tagged with 'zero percent down'

ARTICLES

  • Flagstar rolls out zero-down mortgage with closing cost aid for low-income borrowers

    Bank will also provide up to $3,500 for closing costs
    Flagstar Bank is targeting low- to moderate-income borrowers with a mortgage offer that’s seemingly too good to be true. The program, which Flagstar introduced earlier this week, requires no down payment from the borrower and also provides the borrower with closing cost assistance. Here are the details.
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  • PhysicianLoans rolls out $750,000 mortgages with no down payment, for doctors only

    Lender says physicians maintain near perfect delinquency rate
    PhysicianLoans, an Ohio-based mortgage lender that specializes in loans for medical professionals, announced recently that it is now offering a $750,000 mortgage with no down payment requirement and no private mortgage insurance. The loan is available to medical doctors, dentists and veterinarians, only.
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  • Land Home Financial Services rolls out zero down payment mortgages

    Lender will gift borrowers 5% to be used for down payment, closing costs
    In the last few years, several lenders unveiled ultra-low down payment mortgages, with some requiring no down payment from certain borrowers. Now, another lender is rolling out a zero down payment mortgage of its own – Land Home Financial Services.
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  • BancorpSouth now offers zero-down mortgages

    Program limited to certain borrowers, but requires only $500 from borrower
    Over the last few months, a growing trend is emerging, as lenders of various sizes begin to offer certain borrowers the opportunity to get a mortgage loan with a down payment of 3%, or less. BancorpSouth is joining that trend by now offering zero-down mortgages to certain borrowers. Here are all the details.
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  • San Francisco Federal Credit Union unveils zero-down jumbo mortgages

    No requirement for mortgage insurance either
    Citing the struggle to save money that many San Francisco residents face due to the city’s skyrocketing housing costs, one local lender is going to extreme measures to try to help area residents buy a home. San Francisco Federal Credit Union's new loan program will allow San Francisco-area borrowers to finance up to 100% of their mortgage – with no requirement for mortgage insurance – on loans up to $2 million.
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  • Why the return of low down payment mortgages is a good thing

    It's not a dangerous proposition
    After reading some of the recent reports on HousingWire and other outlets on the limited return or the risk associated with low down payment mortgages, plus the comments accompanying those articles, a reasonable person would think a low or even zero-down payment mortgage is a very dangerous proposition. In fact, nothing could be further from the truth.
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  • More troubling signs point to potential increase in defaults

    And yet we introduce a 100% LTV mortgage
    These new reports indicate that we are most likely entering a period of higher risk over the next four years as it relates to resetting these “bubble-era” HELOCs. This is especially troubling given noticeably slowing home price appreciation in many markets across America.
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