One of the biggest hurdle’s to buying a home is coming up with a - TopicsExpress

One of the biggest hurdle’s to buying a home is coming up with a down-payment. In order to get a mortgage backed by Fannie Mae or Freddie Mac, you generally need to come up with at least 5% of the total cost. But the federal regulator overseeing Fannie and Freddie says it has reached a deal that would lower that minimum back down to 3% for some borrowers. consumerist/2014/10/20/you-may-soon-need-less-of-a-down-payment-to-buy-a-home/

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