These include essentially eliminating risk - layering on purchase money loans, requiring income documentation to avoid «low - doc» or «no - doc» lending, and requiring income verification. (housingwire.com)
Seller financed mortgages and alternative purchase money loans may have higher interest rates, so verify the affordability before making a commitment. (firsttimehomefinancing.com)
Home loan interest rates will continue to trend upwards though lenders are expected to loosen their qualification requirement as they focus on purchase money loans as refinancing drying up. (napavalleyregister.com)