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VA makes major change to America’s most underutilized mortgage program

Housing Wire

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. What is considered low income will vary between regions in states.

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

HomeLight

“For the purpose of home loans, a first-time homebuyer is defined as somebody who has not had an ownership interest in a property in the previous three years,” Helali explains. This means that your name can not have been listed on the deed of any house or piece of land for the past three years — whether you’ve lived there or not.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Collinge also suggests taking a hard look at the house and making a list of what you believe needs work to bid accordingly — and don’t be afraid to request that HUD cover some closing costs to make up the difference. Costs of requesting an extension. Talk to your agent and a licensed loan officer to explore your options).

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The Ultimate Guide to Buying a House in Colorado

Redfin

Colorado, the land of breathtaking natural beauty and endless outdoor adventures, is a wonderful place to call home. Close on the house Closing is a crucial final step in the homebuying process in Colorado, as it’s where property ownership officially transfers from the seller to the buyer.

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A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now

Realtor.com

Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. Here’s everything you need to know about USDA loans, and whether they’re right for you.

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Hey! What Happened to the First Time Homebuyer Credit?

HomeLight

The concept of this program was to decrease closing costs and moving expenses. A Veteran’s Affair loan (also known as a VA loan ) is a particular type of mortgage available to military veterans, or their surviving spouses to obtain affordable housing. Show two years of tax records if self-employed.

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