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

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

    FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...

  3. Homeowners Refinancing Act - Wikipedia

    en.wikipedia.org/wiki/Homeowners_Refinancing_Act

    Franklin D. Roosevelt in 1933. The Homeowners Refinancing Act (also known as the Home Owners' Loan Act of 1933 and the Home Owners' Loan Corporation Act) was an Act of Congress of the United States passed as part of Franklin Delano Roosevelt's New Deal during the Great Depression to help those in danger of losing their homes. [1]

  4. Michigan State Housing Development Authority - Wikipedia

    en.wikipedia.org/wiki/Michigan_State_Housing...

    MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). [1] The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds.

  5. Home Owners' Loan Corporation - Wikipedia

    en.wikipedia.org/wiki/Home_Owners'_Loan_Corporation

    The Home Owners' Loan Corporation (HOLC) was a government-sponsored corporation created as part of the New Deal.The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt. [2]

  6. Cash-out refinance explained: How it works — and when it can ...

    www.aol.com/finance/what-is-cash-out-refinance...

    A home equity loan is a type of second mortgage on your home, while a cash-out refinance replaces your existing mortgage with a new, larger loan. A home equity loan adds another payment alongside ...

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

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

    For a conventional loan, this type of insurance is required when a buyer makes a down payment of less than 20 percent of the home’s purchase price. — Bill Packer, COO, Longbridge Financial How ...

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