No-money down mortgages make a comeback in Colorado

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Easing within the mortgage insurance industry could allow borrowers to purchase a home with a down payment as low as 3%. Most lenders stopped offering low-down-payment mortgages after the housing market tanked. But there are signs within the industry that they are making a comeback.

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Colorado Rockies; Denver Nuggets;. mortgages. No-money down mortgages make a comeback in Colorado By Aldo svaldi. published: june 28, 2018 at 1:09 pm.


No-Money-Down Mortgages Are Making a Comeback As home prices rise, saving up thousands — or even tens of thousands of dollars — for a down payment has become an increasing challenge for many.

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Other lenders lowering their standards to win new business include wells fargo & Co, the biggest home lender in the United States, which said earlier this year it is willing to make loans to borrowers.

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The Credit Union of Colorado has revived a loan product that disappeared following the housing crash a decade ago – the zero-down conventional mortgage. Reaction to its return will likely range from first-time homebuyers wondering what took so long to survivors of the foreclosure crisis asking why did they awaken a financial beast better left for dead.

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Low mortgage down payments make a comeback By Mark Fahey NEW YORK (CNNMoney) – Borrowers who have steady income and good credit, but not much money in the bank, will find that it recently became.