GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers

By Brian Honea

Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment.

The post GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers appeared first on DSNews.

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