Get Orange County CA Real Estate With Lower Down Payments
General Real Estate Information / News
Fannie Mae has announced down payment requirements will be lowered from 5% to just 3% for all conventional, conforming mortgages processed through its Desktop Underwriter® automated underwriting system, starting June 1. Loans processed outside the Desktop Underwriter® system will still require a 5% down payment.
This initiative, part of Fannie Mae’s “Keys To Recovery” campaign, will apply to borrowers all across the country, regardless of local market conditions. Since the biggest obstacle for many first-time home buyers is saving up enough money for a down payment, this is great news if you want to take advantage of the current
Read the full article here, and please contact me or call me at 949-481-3739 if you need a referral to a reputable local lender! To learn more
Related Links:
Date: Thursday, May, 22nd 2008 @ 01:28:45 PMViews: 78
Be the First to Comment on this Post!.