by Bonnie Martin Designated Broker
on Tuesday, November 5th, 2013 at 7:04pm.
money.cnn.com - Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%.
After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.
But now banks like TD Bank, Bank of America, and Wells Fargo are loosening the purse strings, offering loans with down payments that are as low as 5%.
To read more of this article, click the link below: