In a move designed to bolster home sales and lending businesses, GE Mortgage Insurance announced today that it will partner with a mutual fund company to offer loans with low down payments to home buyers.

The program will be offered through American Family Funds' Dove Foundation Down Payment Gift Program, a nonprofit charity fostered by the firm. The partnership with that charity will allow home buyers to get a gift from AFF of up to 3% of a home's cost, essentially making it possible for buyers to finance 97% of a home's purchase price. GE Mortgage, meanwhile, will provide mortgage insurance on the loans.

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