A new mortgage lending proposal was put forth by regulators last week. While it includes a mix of different proposals and measures, there is a lot of good news: lower down payment options are being proposed.
Overall, the proposal is being viewed as a victory for home buyers. Get more information at any of the following links:
Lower down payments mean more buyers can afford homes sooner. It might mean good news for people still paying college loan debt. And it is also good news for sellers: widening the range of potential buyers.