High Prices Got You Down? The Home You’re Looking For Could Still Be Within Reach

Washington Post, Dec. 6, 2018–Michele Lerner
“We’re seeing an increasing number of people choose low down-payment loans and take advantage of down-payment assistance programs,” said Michael Fratantoni, chief economist for Mortgage Bankers Association. “Lenders are trying to streamline the process for using gift funds for down payments, too, although they’re still being very careful to document the source of the money.”