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  2. First-time homebuyer guide - AOL

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

    First-time homebuyer programs: If you’re a first-time homebuyer, you might qualify for help affording the home. Some lenders offer a mix of slightly discounted mortgage rates, minimal fees and ...

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

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

    The typical down payment for a first-time homebuyer was 8 percent in 2023, according to the National Association of Realtors (NAR). For a $400,000 home, an 8 percent down payment totals $32,000.

  4. First-time homebuyer statistics 2024 - AOL

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

    The median age for a first-time home buyer in 2023 was 35, down from 36 in 2022. ... 14% used a first-time homebuyer grant or assistance program to help with the down payment and closing costs for ...

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

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

    Many first-time homebuyer programs offer a lower-cost first mortgage to help you buy the home, then a second mortgage to help you cover your down payment and closing costs. These second mortgages ...

  6. First-time buyer - Wikipedia

    en.wikipedia.org/wiki/First-time_buyer

    The Lifetime ISA gives a similar 25% top-up from the government towards a First Time Buyer's home purchase, but also gives the flexibility to save the money and the top-up for retirement. [19] The First Homes Scheme was launched in June 2021, which enabled first-time buyers, local people and key workers to purchase a property at a discounted rate.

  7. 16 first-time homebuyer mistakes to avoid - AOL

    www.aol.com/finance/16-first-time-homebuyer...

    In fact, the typical down payment on a home was 8 percent for first-time buyers in 2022, according to the National Association of Realtors. ... 15. Ignoring moving and other upfront costs. When ...

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