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The range of loan products offered by mortgage lenders and investors has been narrow since the housing crisis, but a few underserved niches are starting to make a comeback.
Here are six ways relaxed underwriting standards are unlocking new mortgage lending opportunities.
Smaller Down Payments
The share of high loan-to-value purchase mortgages is at a two-year high, and the average down payment for single-family homes, condos and townhouses was 14.8% in the first quarter, the lowest rate in three years.