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Morning Briefing: Prepayment, foreclosure starts down in February

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Mortgage Professional America | 27 Mar 2017, 06:31 AM Agree 0
Prepayment, foreclosure starts down in February… Non-bank lender announces low down payment mortgages… Home sales slip in New York State but near record…
  • MortgageMark | | 27 Mar 2017, 10:20 AM Agree 0
    So, all VA mortgages with purchase price = or < the conforming limit are zero down, for all lenders. For FHA, the minimum down is 3.5%, not 3%. So, using their in-house program, results in a minimum down payment requirement of 1.5%.
  • Brett | | 27 Mar 2017, 02:24 PM Agree 0
    I thought the same things Mark. 100% VA financing is NOT news, and FHA is 3.5% not 3%
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