According to the credit union, eligible members can receive grant funds of two percent (up to $7,500) toward the downpayment or closing costs on their first home. Since the program began in 2018, BECU has granted over $2.4 million to help purchase 438 homes by its members, of which 80 percent were Millennials. Eligible participants must use a BECU conventional fixed or adjustable-rate loan, up to $510,400, in order to qualify for funding.Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending
Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...
The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...
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