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3% down, less than perfect credit ok, no PMI, no appraisal
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Mike
April 8, 2010 at 6:44 pm
How about NACA Fred? There is NO down payment, no PMI and credit score is not a high priority. There is a $50 monthly, ten year fee that goes into a pool to support NACA borrowers who find themselves unable to pay their mortgage. It sounds like 2005 all over again. At least now they are buying at, or closer to the bottom.
Benn Rosales
April 8, 2010 at 8:24 pm
And so it begins anew, it’s time to start blowing that bubble back up 🙂
Jonathan Benya
April 9, 2010 at 1:22 pm
NACA also has some funny requirements for agents that work with them, don’t they? It feels too much like ACORN and the loan programs that encouraged the bubble way back when.