Thursday, January 26, 2023 | The Latest Buzz for the Appraisal Industry

Fannie, Freddie Introduce Low Down Payment Programs

By Brian Honea

By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal Housing Finance Administration (FHFA) hope to increase homeownership and particularly household formation by offering loans to those who can afford mortgages but lack resources to make a 20 percent down payment plus closing costs.

The post Fannie, Freddie Introduce Low Down Payment Programs appeared first on theMReport.com.

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Jeff Bradford

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