For a time, the practice of lenders gifting home buyers 2 percent of their down …

For a time, the practice of lenders gifting home buyers 2 percent of their down payments was suspended by housing finance leaders. But now comes a slight reversal: Lenders are allowed to gift home buyers money for closing costs. Here’s how the program works and how it may help first-time home buyers save money.

Source by ashleymidnight