San Diego Housing Market News and Analysis
Brand New 1% down payment purchase loans
User Forum Topic
Submitted by HLS on July 14, 2016 - 10:09am
A wholesale lender that I deal with announced this yesterday as an 'exclusive' program..
Borrower puts 1% down,
$429,895 is the max purchase price so the loan amount stays
I think that military veterans deserve No down payment purchase loans for serving the country.
FHA & other low down payment loans supposedly exist to make housing affordable.
Wouldn't housing be 'more affordable' if 10% or 20% down was required as a down payment ?
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