Newrez Launches 1% Down Payment Product For Low Income, First Time Buyers
Newrez launched a new conventional loan product geared towards low-income and first-time homebuyers, the company announced in a press release. The product, RezSource, is designed to lower out-of-pocket costs for borrowers. It allows qualified buyers to secure a 1% down payment, which can be sourced from various places including gifts, funds from family, support for…