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

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

   Types of first-time homebuyer programs. Low-down payment conventional loans: Conventional loan programs that require just 3 percent down. Down payment assistance (DPA) programs: Loans, grants and ...

3. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   You can use many different income sources to qualify for a mortgage, including: Employment income: Base pay or wages, bonuses, commissions, overtime payments and self-employment income. Schedule K ...

4. Best mortgage lenders of November 2024 - AOL

   www.aol.com/finance/best-mortgage-lenders...

   You may qualify for an FHA loan with a credit score as low as 500 or 580, depending on your down payment. While other government-backed loans don’t have set minimum credit scores, lenders often ...

5. 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 ...

6. FHA loan requirements for 2024: Here’s how to qualify - AOL

   www.aol.com/finance/fha-loan-requirements-2024...

   Minimum credit score: 500-580. If you want to put just 3.5 percent down, the minimum credit score for an FHA loan is 580. You can qualify with a score as low as 500, but you’ll need to make at ...

7. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...