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.
Posted on: Thu, 22 Jan 2015 21:00:02 +0000