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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

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SmartMove Connecticut : Connecticut’s Housing Development Fund (HDF) SmartMove program allows first-time homebuyers the opportunity to purchase a home with as little as 1.0% An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. Earnest money deposit amount.

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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

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Non-conforming loans are for borrowers who do not fit into the guidelines set by Fannie and Freddie and are not eligible to be purchased by them — jumbo loans are an example of this because they offer loan amounts above the limits set by Fannie and Freddie.

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How to Buy a House in San Diego: 14 Steps to Close the Sale

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Non-conforming loans are for borrowers who do not fit into the guidelines set by Fannie and Freddie and are not eligible to be purchased by them — jumbo loans are an example of this because they offer loan amounts above the limits set by Fannie and Freddie. Visit this link on the U.S.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

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The name comes from the US Department of Housing and Urban Development (HUD). The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. If a borrower defaults on an FHA mortgage loan and the lender forecloses the home, HUD will take ownership of the home.

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23 Hidden Costs of Buying a Home

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When you buy a home, you might be expecting certain costs, such as the down payment and earnest money deposit — but there could also be hidden costs that first-time homebuyers especially may not anticipate. Mortgage insurance is also always required on FHA loans. Mold inspection and treatment: $1,373 to $3,325.

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