Wells Fargo offering 3% down payments up to $417,000

[Vincent Crane]

Here we go again...

http://money.cnn.com/2016/05/26/real_estate/wells-...

[Russell Brazil]

This product has been around for awhile already. Amazing how Wells Fargo essentially is getting so much free advertising for this. 

Also is this really that big of a deal when you could get into a house at 3.5% already?

I do prefer this product to an FHA though as it will not have permanent PMI attatched to the loan like FHA does now.