Zillow offers 1% down payment to lure homebuyers as mortgage rates hit 22-year high

Zillow announced that it’s offering mortgages with a 1% down payment to US homebuyers who are being squeezed by mortgage rates, which climbed to a 22-year high earlier this week.

Zillow debuted its 1% down payment program on Thursday, agreeing to contribute an additional 2% at closing in an effort to “reduce the time eligible homebuyers need to save [money],” the real estate marketplace said in a statement. “Most markets are in the midst of an affordability crisis, and saving for a down payment remains one of the biggest barriers for many...

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Zillow Launches Loan Scheme to Help Home Buyers as Mortgage Rates SoarThe group is offering a down-payment program, through which borrowers will offer up 1% and it will contribute the additional 2%.
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Zillow offers 1% down payment to lure homebuyers as mortgage rates hit 22-year highZillow announced that it’s offering mortgages with a 1% down payment to US homebuyers who are being squeezed by mortgage rates that are more than double what they were just two years ago and …
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