"Zero-Down Mortgages Make a Comeback for First-Time Homebuyers"
TL;DR
United Wholesale Mortgage has launched a "Zero Down Mortgage" program to help homebuyers who can't afford a down payment by providing up to $15,000 as an interest-free second mortgage. While the program has attracted many buyers, some real estate experts are concerned about potential risks if the housing market declines. However, stricter loan qualification guidelines compared to the 2008 crisis may mitigate these risks.
- One of nation’s top lenders launches ‘Zero Down Mortgage’ program to help homebuyers Arizona's Family
- Zero-down mortgages are making a comeback CNN
- Major lender debuts 0%-down mortgages for first-time buyers. Here’s the catch. MarketWatch
- Zero Percent Down Mortgages Return, What Can Go Wrong? Mish Talk
- United Wholesale Mortgage offering zero down mortgages WIS News 10
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