Programs permitting 100% financing are available for applicants with less than perfect credit. These Low Down Loans (meaning they have low down payments) usually have rates slightly higher than conventional market rates.
Low Down Payment Mortgage loans have become extremely popular over the past couple of years. The reasons for the promotion of low down payment loans have been two fold: to increase the homeownership rate and to increase business for mortgage lenders. In order to have a far-reaching effect, some of the nation's largest home-finance related companies have relaxed their qualification standards to make it easier for people to buy a home.
EW Subprime is a Low Down lender. Some of our programs require as little as a 3% down payment.
