Posts Tagged ‘Down’

Freddie Mac HomeOne Mortgage: New 3% Down Mortgage with No Income Restrictions

A new home loan program is being rolled out this July by Freddie Mac, known as “HomeOne Mortgage,” which features a 3% down payment and no income restrictions. While Freddie […]

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MassHousing Launches Zero Down Mortgage

There is yet another zero down mortgage option available to prospective home buyers, the latest being offered by The Massachusetts Housing Finance Agency (MassHousing). The quasi-public agency already offers 30-year […]

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Flagstar Offering Zero Down Mortgages to Michigan Home Buyers

Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrower’s closing […]

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1% Down Payment Mortgages Come Under Fire

While we’ve come a long way since housing bottomed, the memories of how we got there still don’t feel very distant. A lot of things contributed to the complete breakdown […]

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Movement Mortgage Launches Zero Down Mortgage Called MAP

Movement Mortgage is the latest of many mortgage lenders to offer a zero down option for prospective home buyers, referred to as the Mortgage Assistance Program, or MAP. Like others […]

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Traditional 20% Mortgage Down Payment Could Be Cut in Half

I recently wrote about the need to put down 20% when buying a home, which although often recommended, isn’t a necessity these days. There are programs from both the FHA […]

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Do You Need 20% Down to Buy a House?

It’s been some time since I’ve done mortgage Q&A, so without further delay, let’s explore the following question: “Do you need 20% down to buy a house?” If you chat […]

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You Can Buy More House If You Put More Money Down

I was reading through the latest quarterly home price report from the National Association of Realtors yesterday and stumbled upon an interesting nugget. It might seem obvious, but it’s worth […]

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Canada Just Raised Minimum Down Payments to Stabilize Its Housing Market

A funny thing happened late last week. On Friday, the Canadian government took new measures to stabilize its red-hot housing market. I say funny because their housing policies seem to […]

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Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV

While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse. And somewhat ironically, it is […]

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