Today it became a little bit easier for home buyers in many parts of the country to qualify for a home loan. In December, Fannie Mae (the government-sponsored mortgage finance company) made a policy that required higher downpayments for buyers applying for a loan in a zip code with declining real estate prices. Today that policy was changed to no longer require buyers in declining real estate markets to put a greater down payment than buyers in stabilized real estate markets. To get more details on this big benefit for our South Florida real estate market, please click on the link below.
Lower Down Payment Requirements Story
Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
Friday, May 16, 2008
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