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  2. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    Down payment grants. A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate ...

  3. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    A homebuyer grant is a type of down payment assistance that provides a one-time cash sum, often in the form of a no-interest second mortgage. The funds don’t have to be repaid. The funds don’t ...

  4. What is the average down payment for first-time homebuyers? - AOL

    www.aol.com/finance/average-down-payment-first...

    Key takeaways You don’t need to put 20 percent down on a home — the minimum down payment for a house can be much lower. The average down payment on a house for a first-time buyer is just 8 ...

  5. How to buy a house with low income - AOL

    www.aol.com/finance/buy-house-low-income...

    Save for a down payment and closing costs: While there are some loans that don’t require a down payment, most will require at least 3 percent down. If the house costs $350,000, 3 percent down is ...

  6. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    In the first case, FHA MIP is automatically removed after 11 years on mortgages where the borrower made an initial down payment of equal to or greater than 10% of the home value. In the second case, FHA MIP can be removed if the borrower pays off or refinances the FHA loan into a conventional loan.

  7. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    A no-down payment mortgage is a home loan that allows you to finance 100 percent of the home’s purchase price without having to put any money down at closing. Zero-down mortgages can be ...

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