Even Fannie and Freddie accept little or nothingdown loans

In the mid 1990s, both Freddie Mac (see www.homesteps.com) and Fannie Mae (www.fanniemae.com) began to create little- or nothing-down loan programs. Since then, in addition to their widely available 5 percent down product, they have pioneered community homebuyer programs, 3 percent down loans, and even 103 percent loan-to-value (LTV) loans, so that qualified borrowers can go through closing with almost no cash out of pocket. To view current programs, visit these companies' web sites.

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