REAL ESTATE NEWS | Mortgage Rates at New Lows in Early 2015
Mortgage rates continued to fall, with the 30-year fixed rate mortgage averaging 3.63 percent this week. Averaging 3.63 percent, the 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013
Eligible homebuyers could benefit from a growing number of homeownership programs.
You Don’t Need A 20% Downpayment To Buy A Home ....... LOW-DOWNPAYMENT MORTGAGE OPTIONS. Among the most popular low-downpayment programs is the FHA loan, which allows for 3.5 downpayment on a property and gives access to very low rates. Conventional 97, home buyers are required to make a downpayment of at least 3 percent; and may receive their downpayment from a relative in the form of a gift. The most common no-money-down mortgage is the VA loan, which is available to U.S. veterans and those currently serving in active duty. The other 100% financing program is the USDA loan
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