Low down payments make a comeback

Borrowers who have steady income and good credit, but not much money in the bank, will find that it recently became easier to buy a home.

After rising during the mortgage crisis, down payment requirements are easing as lenders and mortgage backers try to draw in new buyers, CNNMoney reports.

"It's one of the things that's inhibiting first-time homebuyers," said Rob Chrane, president of Down Payment Resource. "There are a lot more people who can qualify for a home that don't realize that they can."

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