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Home buyers will now be able to put down as little as 1% on their home, Rocket Mortgage says

Por: MarketWatch Politics May 22, 2023

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To ensure the mortgages that originated by Rocket are sold and guaranteed by Fannie Mae and Freddie Mac , government agencies that buy home loans and supply funds to banks and mortgage lenders and support the housing sector, Rocket will pay 2% of the borrower’s loans, the company said. Their mortgage premium, which is typically required if a home buyer puts down less than 20% on a home, will also be slashed. “I’m very, very excited that... + full article



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