Monday, April 14, 2008

No-Downpayment Mortgages Gone for Good?

While Fannie Mae and Freddie Mac still have products that allow borrowers to finance 100% of their home purchases, at a higher cost, the major private mortgage insurance companies have recently backed off insuring these loans.

1 comment:

Kathy Chastain said...

USDA loans with Rural Development. Great 100% program with no mortgage insurance. Most of Jackson, Barrow and Hall county properties are eligible for these loans.