Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I can only find some very high level details about the program. It seems to have been created for people who normally wouldn't qualify for a more traditional mortgage. In other words, it seems to be part of the problem of why the real estate market is in the current state.
The part I'm most interested in is the part that states "no mortgage insurance". What are the stipulations around this? Do they increase the interest rate?
Thanks, I will do that. I didn't even notice there was a mortgage forum.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.