Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
U.S. Bank (NYSE:USB) has launched a mortgage special purpose credit program designed to expand access to homeownership within predominantly minority communities. The U.S. Bank Access Home Loan provides qualified borrowers with up to $12,500 in down payment assistance...
CrossCountry Mortgage (CCM) has unveiled CCM Smart, a program designed to help first-time homebuyers cover 2% of down payment costs up to $4,000. Under CCM Smart, at least one occupying borrower must be a first-time homebuyer and must be at or below 80% of the County...
San Diego-based Guild Mortgage (NYSE: GHLD) has unveiled its 1% Down Payment Advantage program. Unlike the traditional 3% down payment that is the minimum required for conventional loans, the 1% Down Payment Advantage program allows homebuyers to purchase a home with...
Illinois Gov. JB Pritzker unveiled a $15 million homebuyer program designed to help increase home purchase accessibility for low- and moderate-income individuals, families and seniors. The new HFA1 program is administered by the Illinois Housing Development Authority...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
