Posted by: RAPV | December 11, 2014

Nat’l Association of Realtors Welcomes New 3% Down-Payment Programs

NAR is welcoming a Dec. 8 announcement from the Federal Housing Finance Agency (FHFA) that first-time home buyers will be able to qualify for mortgages with down payments as low as 3 percent. In a statement, NAR said the government’s action demonstrates its “commitment to home ownership by serving creditworthy borrowers who lack the resources for substantial down payments …. The new program ensures that responsible home buyers will have access to safe, affordable mortgage credit.” More info.

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