Down Payments Are Shrinking

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January 26, 2015

More lenders are lowering down payment requirements, reports. Buyers can now commit just 3 percent of a home’s purchase price to get a mortgage.
Some lenders are also waiving mortgage-related fees. These deals are aimed at buyers with good credit scores and a steady income who are not able to save enough for a large down payment, especially those that live in expensive housing markets.
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