Buydowns; Down Payments; USDA – New Lender Products

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Posted To: Pipeline Press

New Lender Programs Impac Mortgage Corp. offers No Income No Employment loans (“Asset Qualification Loans”). Planet Home Lending announced the addition of Temporary Buydowns to its product portfolio, effective immediately. PHL will allow 2/1 buydowns at a rate of 2% for the first year and 1% for the second year. iServe Residential lending, LLC debut an innovative mortgage program, iServe + Plus, geared at protecting the down payment of homeowners in the event the buyer needs to sell their house for less than they paid for it. especially Millennials. The program helps minimize risk in unpredictable housing downturns. This program is available to consumers across iServe’s network of branches and Direct Operations. The program is being offered in partnership with Dallas, Texas-based Value Insured…(read more)

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