"Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping.
The government-sponsored mortgage finance company said Friday it will require minimum down payments of between 3% and 5% for all loans that it guarantees. That replaces a December policy that required a higher minimum if the loan was for a home in a zip code with declining real estate prices."
Click below to read more...
Fannie Mae scraps higher down payment requirements
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment