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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

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Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score. You can qualify for loans with as little as 3.5%

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Looking for a Mortgage Lender? Here Are 19 Questions to Ask Them Before You Commit

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These are things you just might not know as a buyer — but your agent and loan officer can give you guidance! What type of home loans do you offer? There are several types of home loans out there, and you’ll want to ask any potential lender which ones they offer, as not all lenders support all loan types.