it was the mandates by congress!!
No one should be allowed to buy a home with less than 20% down!
No one should be allowed to buy a home with less than 20% down!Your mandate or from congress? lol. It should depend on the bank who issues the mortgage.
If someone can provide accurate income statements and future employment, then don't punish that person. It's up to the bank to determine if that person is worthy.
Congress should not mandate period. Let the bank decide.
I think a bank would almost decide a down payment based on the price of the home these days. But what do I know...