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2. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   However, seniors may find it harder to qualify for a new home loan if they have a limited income, existing mortgage or other debt. We often think of homebuyers as young people: newlyweds, couples ...

3. Can I qualify for a mortgage if I'm about to retire? - AOL

   www.aol.com/finance/qualifying-for-mortgage-in...

   For example, if you have $200,000 in an eligible retirement account and your mortgage term is 30 years, the math could look like this: Monthly income 🟰 70% of the account balance total loan ...

4. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

5. Section 502 loans - Wikipedia

   en.wikipedia.org/wiki/Section_502_loans

   In addition, families or individuals at or below 60% of the area median may qualify for loan terms up to 38 years. Borrowers must have the means to repay the loans, but be unable to secure reasonable credit terms elsewhere. Borrowers with income of up to 115% of the area median may be eligible for 30-year guaranteed loans from private lenders.

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

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

   A mortgage credit certificate (MCC) is a federal tax credit that can help low- and moderate-income or first-time buyers offset some of the money they owe in mortgage interest. Unlike a tax ...

7. What are the monthly payments on a $400,000 mortgage? - AOL

   www.aol.com/finance/400000-mortgage-payment...

   On-time payments alone account for 35% of your credit score. ... Can I get a $400,000 mortgage with bad credit? ... If you have poor credit, your best option is an FHA loan, which typically ...