New home, no money down

Amid criticism, zero-down-payment mortgages still available

Jean Marie Sideris purchased this Cambridge condominium for $213,000 in August, financed through a MassHousing loan. (Suzanne Kreiter/ Globe Staff)

By Jenifer B. McKim

Globe Staff / October 11, 2010

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Jean Marie Sideris doubted she could buy a home near her job in Cambridge, because most lenders now insist on a hefty down payment for even a modest mortgage, and she did not have that much cash. But that was before Sideris, 33, found out about a state-sponsored program that requires only $1,000 toward closing costs. (Full article: 1001 words)