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2. Section 504 loans and grants - Wikipedia

   en.wikipedia.org/wiki/Section_504_loans_and_grants

   Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20-year term at a 1% interest rate. Owners of age 62 or more may qualify for grants of up to $7,500 to pay for needed repairs that ...

3. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   However, taking out a senior mortgage can be a smart play for retirees who can afford to make a substantial down payment on a home. Along with a smaller loan, consider a shorter loan — say, a 15 ...

4. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

5. How to prepare for FHA appraisal requirements - AOL

   www.aol.com/finance/prepare-fha-appraisal...

   Consider an FHA 203(k) loan, which allows for financing the home purchase and the required repairs through a single mortgage. Borrowers can make various repairs using an FHA 203(k) loan, such as ...

6. Community Reinvestment Act - Wikipedia

   en.wikipedia.org/wiki/Community_Reinvestment_Act

   The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

7. Seller financing - Wikipedia

   en.wikipedia.org/wiki/Seller_financing

   The seller could negotiate a higher interest rate. The seller could negotiate a higher selling price. The property could be sold "as is" so there will be no need for repairs. [5] The seller could choose which security documents (mortgage, deed of trust, land sales document, etc.) to best secure his/her interest until the loan is paid.