Tag: ZeroDown

Meet New Zero-Down Mortgage+Why Lumber Prices Are Dropping

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take [...]read moreMeet New Zero-Down Mortgage+Why Lumber Prices Are Dropping

Zero-Down Mortgages Are Making a Comeback—Is This the Beginning of Another Housing Crash?

In This Article   Key Takeaways United Wholesale Mortgage launched a new zero-down mortgage program available for first-time homebuyers. The program allows borrowers who qualify to get a mortgage and a second loan to cover the cost of the down payment up to $15,000. While a few of these programs exist in different formats, critics [...]read moreZero-Down Mortgages Are Making a Comeback—Is This the Beginning of Another Housing Crash?