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2. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   For conventional loans, the minimum mortgage down payment is 3 percent. FHA loans require a down payment of 3.5 percent with a credit score of 580 or higher. For scores between 500 and 579, the ...

3. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   Beyond the Fannie Mae and Freddie Mac mortgage programs featuring 3 percent down payments, there are other types of mortgages that allow prospective home buyers to access homeownership with a low ...

4. How much is a down payment on a house? - AOL

   www.aol.com/finance/much-down-payment-house...

   If you have a credit score between 500 and 579, you can still get approved, but you’ll need a 10 percent down payment. With an FHA loan, you’ll be required to pay mortgage insurance premiums ...

5. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   These standards include a minimum credit score and maximum debt-to-income (DTI) ratio, loan limit and other requirements. ... of the home’s value as the down payment, then borrow the rest in the ...

6. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   This is calculated by adding the monthly liabilities and obligations (mortgage payments, monthly credit and loan payments, child support, alimony, etc.) and dividing it by the monthly income. For an example, if a borrower has a $500 car payment, $100 in credit and loan payments, pays $500 in child support and wants a mortgage with payments ...

7. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   Other guidelines include borrower's loan-to-value ratio (i.e. the size of down payment), debt-to-income ratio, credit score and history, documentation requirements, etc. [3] In general, any loan that does not meet guidelines is a non-conforming loan.