Items Tagged with 'low downpayment mortgage'

ARTICLES

  • Low down payment mortgages can compete in today's market

    Redfin advice to sellers: "The highest offer is not necessarily the best"
    Despite the growing prominence of low down payment mortgages, first-time homebuyers believe they need to put 20% down to compete in today’s market. The market is changing though, and a new survey of real estate agents shows that low down payment mortgages can and do compete. Sellers are even recognizing this.
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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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  • Quicken Loans now offering 1% down mortgages

    Here are the details on the program that no one is talking about
    While megabanks like Bank of America, Wells Fargo and JPMorgan Chase grabbed the headlines earlier this year by separately announcing plans to offer mortgage loans that only require a 3% down payment from the borrower, there is another major lender that is quietly requiring even less from borrowers. Unbeknownst to many in the market, Quicken Loans began offering an even better deal for borrowers late last year – a 1% down mortgage.
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  • 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.
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  • 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.
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