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  2. 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 ...

  3. New state program offers down payment help to Ohio home ... - AOL

    www.aol.com/state-program-offers-down-payment...

    According to Realtor.com, the median down payment on a home was 14.7% of the purchase price, or $30,000, during the third quarter of 2023. That's nearly twice the amount from three years earlier ...

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

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

    Virtually every down payment program requires you to qualify for a 30-year, fixed-rate first mortgage to buy the home. Some programs can only be used with one type of mortgage, such as government ...

  5. Conforming loan - Wikipedia

    en.wikipedia.org/wiki/Conforming_loan

    The new Jumbo-Conforming program was adopted by Fannie Mae and Freddie Mac effective from April 1, 2008 until December 31, 2010. [6] The bill was signed into law by President Bush on February 13, 2008, [7] but the new rates were not being honored by any lenders (as of March 30, 2015).

  6. This is how much money you need to earn annually to ... - AOL

    www.aol.com/finance/much-money-earn-annually...

    How much income do I need to afford a $400,000 house? We’re going to walk through a couple examples further down in this piece that place the yearly salary needed to afford the mortgage payment ...

  7. Mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_insurance

    Borrower paid private mortgage insurance, or BPMI, is the most common type of PMI in today's mortgage lending marketplace. BPMI allows borrowers to obtain a mortgage without having to provide 20% down payment, by covering the lender for the added risk of a high loan-to-value (LTV) mortgage.

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