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First-time buyer loans typically have more flexible requirements, such as a lower down payment and credit score. Many help buyers with closing costs and the down payment through grants and low ...
Minimum credit score of 640, first-time home buyer (repeat home buyers in some areas can still qualify), sales price limit of $224,500 statewide. Minnesota Housing
First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...
First-time buyers may find that they need to pay for mortgage insurance, which covers the risk associated with financing their loan, if they put down less than 20 percent on their home. In the ...
Bankrate looked closely at several key criteria to help narrow down the top mortgage lenders for first-timers, including first-time buyer and low-down payment loans and down payment assistance, as ...
Federal Housing Administration loans, which are popular with first-time buyers, have lower minimums: 500 with a 10 percent down payment, or 580 with a 3.5 percent down payment.
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