By Aly J. Yale TheStreet
The results are in from a new mortgage pilot, and hopeful homebuyers – especially those with not-so-great credit scores or little in savings, have something to celebrate.
It seems a loan with no down payment, low credit score requirements, and no mortgage insurance is a real possibility. And it could be a game-changer for first-time homebuyers and minorities who have previously hit financial barriers to buying a home.
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