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Down payment assistance programs are a boon amid mounting pressure on homebuyer affordability

Housing Wire

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March.

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The differences between FHA, VA, and USDA mortgages

Housing Wire

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Just need help deciding which program is the best fit for your upcoming home purchase?

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How Do People Afford Million Dollar Homes?

HomeLight

Today, in some parts of the country, home prices have made it almost a necessary reality for those who need to live in high-cost housing markets. But how do people afford million-dollar homes? In this guide, we provide insights into how you can unlock the door to such a significant investment. How Much Is Your Home Worth Now?

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The crypto-mortgage is the new kid on the block

Housing Wire

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s significant,” Jacob said. “In

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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How To Prepare To Make a Down Payment on a House

Realtor.com

iStock One of the biggest hurdles in buying a home is coming up with a down payment—the large chunk of cash that’s typically required to secure a mortgage for a house. For many first-time home buyers , a government-backed FHA loan can be obtained for as little as 3.5% Why big down payments are better.

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Better Homes and Gardens Real Estate teams up with Alliance Group North Dakota

Realty Biz

Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and Gardens Real Estate Alliance Group based in Bismarck, N.D. Major economic drivers include energy, health care, government and education. This marks the brand’s entry into the state of North Dakota.