Posted by big daddy t on January 08, 2015 at 20:02:14 from (24.209.225.91):
In Reply to: Re: oil speculators posted by mpowis on January 08, 2015 at 15:49:42:
The only 0 money down program is thru R D rual development . They have shrunk the zone for those. As far as Fannie Mae those are about 3.5 % down. Freddie and Fannie loans are harder to get than ever. They make you have a certain debt to income ratio so much money in the bank and just take forever to close. The banks originate the loans and if they make a mistake they won't buy them from the banks. Most people end going conventional loans which starts at 5% down. Talk to any who's obtained a loan recently they will tell you its not that easy. More over most loan and realtors will tell the new rules has made it so hard to get a loan .
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