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Nov 20, 2006

CRHMFA expands FirstHouse loan programMortgagePress.comDown-payment assistance CRHMFA Homebuyers Fund has expanded its FirstHouse loan program to include a mortgage with either a 30- or 40-year fully amortizing loan term, as well as a 40-year mortgage with a 10-year interest-only period. Backed by tax-exempt funding, FirstHouse offers fixed interest rates lower than average market rates, allowing first-time homebuyers to qualify for larger loan amounts or make lower monthly payments. Sacramento, Calif.-based CRHMFA Homebuyers Fund is a nonprofit public benefit corporation dedicated to providing a consistent source of financing for individuals without the resources to afford the down payment and closing costs associated with the purchase of a loan. For more information, call (866) 643-4968 or visit www.nhfloan.org.

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Nov 20, 2006

Analysis and Data

Half Of All Loan Applicants Denied Since 2022 Rate Hikes

Bankrate survey finds 50% of Americans who’ve applied for a loan or financial product since March 2022 have been denied.

Half of Americans who’ve applied for a loan or financial product have been denied since the Federal Reserve started raising its key benchmark rate in March 2022, and 17% have been denied more than one loan, according to a new Bankrate survey. Credit lines are the main cul...

Analysis and Data

High Mortgage Rates, Payments Make For Slow Spring Market

Redfin report indicates monthly payment at all-time high of $2,894

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