The recent influx of improved financing options for those with limited down payment funds suggests an increasing investor consensus that the housing market continues to stabilize. As an added -and necessary -vote of confidence, private mortgage insurance providers have also relaxed their requirements over the past few weeks. Although getting a loan is still challenging and income requirements remain stringent, the growing pool of lenders competing over expanded offerings will improve financing options for millions of borrowers.
Here are some loan products that were tough to secure just a few weeks ago and are now more solidly supported:
95% Purchase Money for Loans to $417,000 that Compete with FHA.
Although this product has been around for a while