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US home buyers in high-cost areas could soon get $1m mortgages with just a 3 percent deposit after caps for federally-backed loans raised – most Americans in less expensive areas eligible for up to $726,000

US home buyers in high-cost areas could soon get $1m mortgages with just a 3 percent deposit after caps for federally-backed loans raised – most Americans in less expensive areas eligible for up to $726,000

Source: Daily Mail --- More Americans will be able to obtain a $1 million mortgage than ever before, thanks to action recently taken by government agencies. The Federal Housing Finance Agency announced this week that the cap for home loans backed by Fannie Mae and...

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