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In an effort to continue to support the housing market and open it to first-time buyers, the down payment requirement will be changed for loans guaranteed by Freddie and Fannie; some first-time home buyers will see the requirement go from the current 5% to as low as 3% down!
Among the qualifying conditions: at least one of the borrowers has not owned a primary residence in the last 3 years.
The changes will take effect on 12/13/14 for Fannie Mae and on 03/23/15 for Freddie Mac.
Curious about this change? Do you want to know if you qualify for this new low down payment? Contact your mortgage lender today or call or text me at 303-549-3431. You may also email me at firstname.lastname@example.org if you have questions or to find your new home today!
My name is Marie Conser and I help people buy, sell and invest in real estate in the Denver Metro area. I specialize in the residential real estate market in South Denver, particularly:Highlands Ranch, Littleton, Centennial, Lone Tree,Greenwood Village and Cherry Hills Village. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your dreams.Call, text or email me today to start making your real estate dreams reality!
Source: Denver Post
As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....
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