Newbie Buyers Make Smaller Down PaymentsNewbie Buyers Make Smaller Down Payments
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About 60 percent of first-time home buyers put down 6 percent or less on a home purchase in September. The median down payment has dropped from 6 percent to 5
Many households are mortgage-ready but don’t try to buy a home because they can’t come up with a down payment, according to Rob Crane, CEO of Down Payment Resource in
About that FHA mortgage interest premium (MIP) reduction we wrote about earlier this month…well, never mind. The cut that would have “lowered premiums to 0.60 percent, saving FHA-insured borrowers with