LENDERS/MORTGAGE BROKERS: What are new homebuyers options if they do not have the 3.5% downpayment??

Christine Mosci...
Christine Mosci...
Agent
60603

More and more clients are asking me about other options if they cannot get the 3.5% downpayment. They really want to take advantage and own a home they can afford. 80% of my inquires are going after the foreclosure and reo markets.

How about Seller financed portion of downpayment? And can you elaborate for these homebuyers thier options if they do not have the 3.5% downpayment including many state and local government and nonprofit lenders?

Thu Jul 2 2009, 12:05 - Home Buying in Chicago - No answers

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