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What Is a VA Loan? Benefits, Requirements, and How to Apply

Realty Biz

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

For some buyers, there might even be a no down payment home loan available. You’ll be surprised to know the average down payment on a house is much lower than you think. Let’s look at the options if you want to buy a home but don’t have the money for a large down payment. USDA Loans.

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7 Home Buying Tips Every Veteran Needs to Know

Redfin

If you’re a veteran or active military personnel and you’re starting the quest for your new home, be sure to first consider these seven important home buying tips. Understand the VA home loan. Most veterans are eligible for a VA home loan, which is provided by private lenders but backed by the U.S.

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Here’s How to Use a Down Payment Calculator to Help Set a Home Budget

HomeLight

Every time a new friend posts their recently purchased dream home on social media, you feel a pang of undeniable envy. How much do you need? How are you even supposed to figure that out? A down payment calculator might be your new best friend. What’s a down payment, and why do you need one?

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We Answered Your Top 12 Questions About First Time Home Buyer Loans (In Exquisite Detail)

HomeLight

Determining where you should buy and what house you can afford are important early steps, but it’s all hypothetical until you sit down with a lender and start talking real numbers. Unless you’re paying cash for your new home, you’ll need a mortgage loan. Are there loans for first-time homebuyers?

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How to Buy a House With No Money Upfront: 9 Ways To Make It Happen

HomeLight

But even if you pinch pennies, it’s often not enough to save up for a home. But if you’ve been stuck on that 20% down payment amount , there’s good news! Chiquita Pittman is an experienced agent in New Jersey who works with 7 more townhomes and 21 more condos each year than the average agent in her area.

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7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible. of all mortgage originations.

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