1% down payment mortgage

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1% Down Payment – MortgageDepot

https://mortgagedepot.com/1-down-payment/

Freddie Mac Is Changing the Rules Pertaining to 1% Down Mortgages. While 1% down mortgages have been all the rage lately. Freddie Mac is cracking down on the higher-risk home loans. Requiring a minimum 3% borrower contribution. That can’t come via the transaction itself via lender credits, points, etc. Over the past couple years, many large lenders …

Can you get a 1 percent down mortgage? Yes, but act fast

https://www.mortgageloan.com/can-you-get-a-1-percent-down-mortgage-yes-but-act-fast

Perhaps more importantly, you must make less than or equal to the median income for the county in which you’re purchasing the home. If the income limit is $75,000, you must earn that or less to qualify for the 1% down payment program. Speaking of income, the maximum DTI ratio is 45%, which is standard.

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