EXIT Oceanside Realty Blog

Rick Coyne 9 years ago

Freddie Mac and Fannie Mae will allow qualified first-time buyers to put down only 3% of the purchase price.

By Dina ElBoghdady The Washington Post

WASHINGTON — Some first-time home buyers will get a break on their down payments through programs announced Monday by mortgage giants Fannie Mae and Freddie Mac as the firms try to jump-start the housing market by making it easier for more borrowers to qualify for a mortgage.

Fannie and Freddie will soon allow for mortgages with a down p...
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