loanDepot Inc. (NYSE: LDI) has launched its “accessZERO” program to assist borrowers challenged with barriers to affordable homeownership. The new program is available nationwide for Federal Housing Administration purchase mortgages and offers up to 5% in down payment...
A down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree (NASDAQ:TREE). This sum is slightly lower than the average of $84,983 recorded one year earlier. LendingTree noted that none of the 50 largest...
Today’s homebuyers are receiving more than a little help from their families in their pursuit of the American Dream of homeownership. A new survey of 2,000 adults by LendingTree (NASDASQ:TREE) found nearly two in five homeowners (39%) have received down payment...
Zillow Home Loans is rolling out its 1% Down Payment program that will enable home buyers to pay as little as 1% down on their next home purchase, with the company contributing an additional 2% at closing. The program is initially being offered on properties located...
The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has allocated $2 million in additional funds for its pilot HomeBoost down payment assistance program designed to expand minority homeownership. HomeBoost was announced by the bank in early July with an...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
