In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance
NFM Lending is the first to take advantage of Knock API integrations, which let loan officers know if homebuyers can tap the equity in their existing home and buy before they sell
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
36% of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday
Fannie Mae and Freddie Mac are offering a $2,500 credit this spring that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
A new survey of 1,700 real estate agents this spring found that homebuyers in the Northeast and in Southern California were the most likely to get financial help from their family
A hypothetical buyer putting down $2,500 to purchase a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years, lender estimates
UWM, Rocket Mortgage and Fairway were enthusiastic backers of Freddie Mac's Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3% down
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
Blue Federal Credit Union is partnering with real estate agents to find creditworthy borrowers for creative 'no-money-down' mortgage program
September is a fantastic time to refresh your listings and create unique, eye-catching marketing campaigns that will get your listings sold now
Give your buyers the information they need to stay motivated to buy against rising prices, rents and rates. Homeownership is still key