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3% Down Loans are Back!

3% Down Loans are Back!

Bank of America announced a loan program through Freddie Mac and Fannie Mae to help low and moderate income borrowers. B of A is backing loans with down payments as little as 3%, as long as borrowers have a credit score of at least 660. The maximum available loan...
5 Mortgage Lending Myths.

5 Mortgage Lending Myths.

Myth # 1: You won’t be approved. The requirements to buy a home may not be a tight as you think they are. Some terms have been relaxed. Talk to a reputable loan officer before ruling yourself out. Myth # 2: Talking to a lender can wait. Don’t leave talking to a...
Get A Down Payment!

Get A Down Payment!

70% of U.S. adults are unfamiliar with down-payment assistance programs for middle-income home buyers, according to a NeighborWorks America survey. There are hundreds of millions of dollars available for down-payment assistance from many local and state organizations,...