Opinion Photo: Avi Werde / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Zillow will now cover your buyer’s down payment. I think most agents should slow down before they cheer. Zillow Home Loans launched its FHA program on Oct. 28, offering a second loan of up to 3.5% of the lower of price or appraised value, at 0% interest with no monthly payment, according to the company. It’s forgiven after five years of on-time…
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Zillow Will Cover Your Buyer’s Down Payment. The Real Price Is Five Years of Flexibility.
Zillow’s FHA down payment program offers a forgivable second loan, but selling, moving or refinancing before five years can trigger repayment.
