Lenders Loosen Down Payment Requirements

Lenders Loosen Down Payment Requirements

Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit. 

The average down payment on a 30-year, fixed-rate mortgage fell 2.74 percent from the second quarter to 15.73 percent of the home’s value in the third quarter, according to a new report from LendingTree.

Read More…Lenders-loosen-down-payment-requirements

http://bit.ly/1f9I1R9

This entry was posted in Mortgage Monday. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*