Down Payment

Information on the various down payment programs for jumbo loans such as the 20 percent, 10 and 5 percent down.

Is the Housing Market About to Get Squeezed with Lower Loan Limits?

Mortgage news is out that Fannie Mae and Freddie Mac, the largest providers in the mortgage industry, might be reducing their maximum loan amount sometime next spring. This means borrowers who don’t qualify according to the revised limits will be required to apply for a jumbo loan, where requirements for liquid reserves, down payments, and …

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