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2. 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 ...

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

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

   A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...

4. UWM offers 0% down payment mortgages: Here are the ... - AOL

   www.aol.com/uwm-offers-0-down-payment-110225326.html

   To get that maximum $15,000 for a down payment, you'd have to be buying a $500,000 home. The amount of down payment assistance is calculated based on the lower of the appraised value or the sale ...

5. American Dream Downpayment Assistance Act - Wikipedia

   en.wikipedia.org/wiki/American_Dream_Downpayment...

   On December 16, 2003, President George W. Bush signed into law the American Dream Downpayment Initiative (Pub. L. 108–186 (text)), which was aimed at helping approximately "40,000 families a year" with their down payment and closing costs, and further strengthen America’s housing market.

6. Down payment - Wikipedia

   en.wikipedia.org/wiki/Down_payment

   Some programs require you or your loan officer to take a short course on Down Payment Assistance for first time home buyers. [2] Homebuyer assistance programs vary by state and can amount to up to three percent of the loan amount for down payment or closing costs. Some states have special programs supporting home purchases in selected ...

7. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   On average, the down payment amount is $6,624. FHA borrowers have an average debt-to-income ratio of 40.34%, and the typical FHA loan amount is $191,650. It's worth noting that a minimum credit score of 580 with a down payment of 3.5% is required to qualify. [25]