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

Realtor.com

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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

HomeLight

Unless you’re paying cash for your new home, you’ll need a mortgage loan. And if you’re a first-time buyer, you’ll probably have more than a few questions about types of loans, how much down payment you’ll need, and how to qualify for the right loan for you. Are there loans for first-time homebuyers?

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Forever Home: A First-Timers Guide to Understanding Home Loans

C4D Crew

This article will explain five loan programs for first-time buyers. Federal Housing Administration Loan. First-time homebuyers and those with no or low credit may be eligible for a loan that is guaranteed by the Federal Housing Administration (FHA). The FHA will not guarantee loans to purchase rentals or vacation homes.

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How to Get a 203k Loan in 6 Steps (And What Else to Consider As a Buyer)

HomeLight

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . In addition to 12 years of experience as a real estate agent, Forney has personal experience using a 203(k) loan to purchase and fix up his first home.

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16 First Time Home Buyer Programs to Help With the Down Payment, Mortgage, and More

HomeLight

FHA stands for the Federal Housing Administration , which is part of the U.S. The FHA backs mortgages to allow lenders to offer a favorable deal to homebuyers. FHA loan advantages include: Low down payments (as low as 3.5%). Because these loans are so accommodating, they’re a good fit for many first-time buyers.

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Here’s How You Can Become a Homeowner With A Zero-Down-Payment Mortgage

HomeLight

A zero-down-payment mortgage is a home loan that you can get without putting any money down — but only for specific loan types, and not every buyer and home will qualify. There are loan programs that allow you to put down much less than that — as little as 3% or even no down payment! You might be a little stuck.

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The Ultimate Guide to Buying a House in Georgia

Redfin

These laws may restrict alterations, renovations, and demolitions of a historic home to maintain their architectural integrity and historical value. Having a good credit score, typically around 620 or higher for conventional loans, is essential. What is the average down payment on a house in Georgia? for qualified borrowers.