New Freddie and Fannie Programs with low DP
Started by anonymous
about 10 years ago
Discussion about
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Has anyone taken advantage or know of anyone who has begun using F and F new programs that allow low down payments as little as 3% in NYC? I pay 7K in rent and have around 150K in assets. I was thinking of looking at 1 bedroom condos up to 1.2M. With maint. and mortgage I think I could keep my payments down to 7.2K. To be it just makes more sense putting that amount into RE then throwing it away to rent. Any thoughts on this?