Well, even though it was supposed to be raining fire and brimstone by now, several lending institutions are still making mortgage loans. Bank of America is not only making loans, they're still making home equity line of credit loans. And Metrocities, a big non-bank lender, still has plenty of money to lend, especially on conforming loans and junior jumbo loans (up to $729k). Hmmm.
What are you seeing as average points and down payments? Have those criteria changed in the last year? Predictions going fwd?
ReplyDeleteI don't suppose there are a lot of no doc, no down payment types of loans being offered now.
ReplyDeleteIs a 10% down payment enough these days?