I continue to read articles that are about larger down payments that are required from first time home buyers. The authors of these articles do not have a clue. Where do these guys get this information?
We are still offering mortgages to homebuyers with credit scores down to 580. VA and USDA are available with NO MONEY down, Conventional loans with 3% down and FHA with 3.5% down. Too bad there is so much bad information that is being shared with this segment of the market place.
I wish I could predict how long all this financing will be around, but there is so much low interest financing around, that in most cases it will be a lower mortgage payment than rent.
Recovery Leaves First Time Buyers Behind
By: The NicheReport
