Items Tagged with 'low down payments'

ARTICLES

  • Freddie Mac takes aim at FHA with widespread expansion of 3% down mortgages

    New HomeOne mortgage has no geographic or income restrictions
    It’s been more than three years since Freddie Mac rolled out a conventional mortgage that only required a 3% down payment for certain borrowers. But now, Freddie Mac is about to supercharge its 3% down program and launch a widespread expansion of the offering that puts Freddie Mac in direct competition for mortgage business with the FHA.
    Read More
  • 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.
    Read More
  • Fifth Third 3Q mortgage results positive sign for rest of industry?

    Average residential mortgage lending increases 10% year over year
    The mortgage market is projected to perform much better in the third quarter than originally expected. With the third-quarter results in for one of the first lenders, it looks like this could be true. Fifth Third Bancorp not only posted an increase in residential mortgage loan portfolio balances, but it also posted an increase in originations.
    Read More
  • 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.
    Read More
  • Chase quietly launches its own 3% down mortgage lending program

    Rolls out first-time homebuyer program with Fannie Mae backing
    Prospective homebuyers, especially first-time homebuyers who struggle to save for a down payment, have a new, and significant, outlet they can now turn to when seeking a low down payment mortgage — JPMorgan Chase. Not be outdone by Wells Fargo, JPMorgan Chase also recently launched its own 3% down mortgage program, albeit much more quietly.
    Read More
  • Fox News personality predicts housing crisis, outs self as clueless fear-monger

    Another national pundit spews housing nonsense disguised as knowledge
    Cal Thomas, who is apparently “America's most widely syndicated op-ed columnist,” penned a syndicated column that appeared on FoxNews.com and in scores of newspapers from coast to coast recently, in which he writes that the creation of the HomeReady program by Fannie Mae is one giant step towards another housing apocalypse. Not only does Thomas not know what he’s talking about, he goes on to out himself as a fear-mongering doomsayer.
    Read More