How to Get a Government*Backed* Zero*Down*Payment Mortgage
More than four years after reaching a peak real estate values, a historic low in housing prices are still fresh in the minds of mortgage lenders. After suffering painful losses on delinquent home loans has imposed more stringent standards banks – such as credit scores and increased top-down payment requirements – for applicants from all backgrounds. As investors fled for the hills, had disappeared to a large extent on exotic mortgage products that helped in the real estate boom of the private market. But this does not mean that all buyers in need of a big pile of cash to an obstacle on the home loan. In fact, loan guarantees from Uncle Sam, and enable hundreds of thousands of borrowers to obtain mortgage loans without putting any money down. To help consumers determine whether they or were not eligible for such funding, here’s the rundown on how to obtain a mortgage that government-backed zero down payment:
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