Lower Down Payments on Bradley Beach NJ Real Estate

Fannie Mae announced this week that, beginning June 1, it would lower down payment requirements from 5% to just 3% for all conventional, conforming mortgages processed through its Desktop Underwriter® automated underwriting system.  Loans processed outside the Desktop Underwriter® system will still require a 5% down payment.

 

Part of its “Keys To Recovery” campaign, this initiative will apply to homebuyers all across the country, regardless of local market conditions.  Since the biggest obstacle for many first-time home buyers is saving up enough money for a down payment, this is great news if you want to take advantage of the current Bradley Beach NJ real estate market!

 

Read the full article here, and please email me or call me at 732-775-2774 if you need a referral to a reputable local lender!  To learn more about Bradley Beach NJ real estate, please visit PatrickParkerHomes.com, or request a complimentary market analysis of your current Bradley Beach NJ home.

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About Patrick Parker Realty

Patrick Parker Realty, an independent boutique brokerage located in the heart of Bradley Beach is your local market leader. We understand the demands of a changing real estate market and avail ourselves of the latest industry information and tools to ensure excellent results. Our Commitment to You Our seasoned Real Estate Agents are committed to providing all of our clients, from first time sellers to veteran real estate investors, quality and friendly service. We walk you through every step of the sale process offering the guidance, feedback, and expertise needed to ensure your complete satisfaction.
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