loan programs: Starting 7/29 Freddie Mac Expands 3% Down Loans for New Buyers
- 05/02/18 10:12 AM
Starting 7/29/18 Freddie Mac Expands 3% Down Loans for New Buyers Freddie Mac is launching a new 3 percent down payment option for qualified first-time buyers that could put it in direct competition with the Federal Housing Administration’s (FHA) 3.5% low down payment mortgage. The mortgage financing giant announced Thursday that it is rolling out a new conventional 3 percent down payment option called HomeOne, which will not have any geographic or income restrictions. Freddie’s expansion into small down payment loan products for new buyers will put it in competition against FHA, which offers mortgages to first-time buyers that similarly only require 3.5 percent … (0 comments)
Starting 7/29/18 Freddie Mac Expands 3% Down Loans for New Buyers Freddie Mac is launching a new 3 percent down payment option for qualified first-time buyers that could put it in direct competition with the Federal Housing Administration’s (FHA) 3.5% low down payment mortgage. The mortgage financing giant announced Thursday that it is rolling out a new conventional 3 percent down payment option called HomeOne, which will not have any geographic or income restrictions. 
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