Mortgage Lenders Are Relaxing Standards

Mortgage Lenders Are Relaxing Standards

Getting a home loan is easier than it has been in years and at rates the lowest they've been in 18 months. Buying a home for zero down payment has been brought back to the table, 3% down conventional home loans are back, interest rates under 4%, home in five program, special program home loans for firefighters, first time home buyer programs and many other ways to achieve the American Dream of home ownership. 

Fannie Mae and Freddie Mac recently released new guidelines prompting some of the largest U.S. to further ease standards for borrowers.
David Stevens, president of the Mortgage Bankers Association says according to the new agreement that some lenders are lifting almost all of their overlays.

David Fuller Headshot
Phone: 602-363-7653
Dated: December 11th 2014
Views: 2,114
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