Freddie's 3% Down Payments Start Next Week
Starting March 23, Freddie Mac will begin offering mortgages with down payments of only 3% - the first time they've been this low on the GSE's loans in nearly five years. "By launching our 3 percent down payment mortgage now, at the start of the spring homebuying season, lenders will be ready to serve qualified working families who are ready to buy and keep the recovery going," Dave Lowman, executive vice president for Freddie Mac's single-family business, writes on its Executive Perspectives blog.
Read article - Realtor Magazine
Starting March 23, Freddie Mac will begin offering mortgages with down payments of only 3% - the first time they've been this low on the GSE's loans in nearly five years. "By launching our 3 percent down payment mortgage now, at the start of the spring homebuying season, lenders will be ready to serve qualified working families who are ready to buy and keep the recovery going," Dave Lowman, executive vice president for Freddie Mac's single-family business, writes on its Executive Perspectives blog.
Read article - Realtor Magazine
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