Return of the Zero-Down Mortgage?

Zero Down Mortgage
Zero down payment mortgage form and key | Image by Vitalii Vodolazskyi/Shutterstock

Some news outlets are reading about a potential housing collapse in the tea leaves due to a number of financial institutions offering zero-down mortgages, according to a recent report by the Gateway Pundit:

“One of the top mortgage lenders in the United States is offering a new program that allows home buyers to put zero percent down on their mortgages.

United Whole Sale Mortgage is offering a new program that will allow first-time home buyers and people earning below or at 80% of an area’s average income to put zero down on their mortgages.

“In a statement to Market Watch, chief operating officer of UWM, Melinda Wilner shared, ‘Homeownership is something we’re very passionate about.’

“Previously, UWM offered buyers a rate of as little as 1% down.”

To read the entire article by the Gateway Pundit, please click HERE.

Support our non-profit journalism

Submit a Comment

Your email address will not be published. Required fields are marked *

Continue reading on the app
Expand article