Fannie Mae said this week that $1.8 billion of loans have been underwritten by lenders under its low-down-payment program.

Fannie Mae and its rival buyer in the secondary mortgage market, Freddie Mac, have both launched programs to allow borrowers to use funds other than their own to meet the 3% down payment requirement.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.