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Guaranteed Rate Launches 1% Down Payment Program

Guaranteed Rate has announced a new mortgage loan program offering a 1% down payment option. So reports RISMEdia.

Guaranteed RateCalled OneDown, the product also offers the lower of a 2% or $2,000 contribution to the down payment plus $1,000 towards lender fees.

Kate Amor, SVP and head of enterprise products for Guaranteed Rate, called OneDown the company’s “response to the ongoing effect of stubborn inflation and higher interest rates.”

Read the full article from RISMEdia.

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