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

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

    However, seniors may find it harder to qualify for a new home loan if they have a limited income, existing mortgage or other debt. We often think of homebuyers as young people: newlyweds, couples ...

  3. 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

  4. From grants to low-interest loans, this state-by-state guide ...

    www.aol.com/grants-low-interest-loans-state...

    Three active programs are available offering forgivable loans, deferred loans, and zero-interest loans. A credit score of 640 or higher is required, with a debt-to-income ratio of 50% or lower.

  5. What is a reverse mortgage? How it works, who it’s best for ...

    www.aol.com/finance/what-is-a-reverse-mortgage...

    Various local and federal programs offer financial assistance to seniors and retirees for housing-related expenses. Start with your local Area Agency on Aging to learn about the range of services ...

  6. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

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

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

    Government-backed mortgage loans. The Federal Housing Administration (FHA), Department of Veterans Affairs (VA) and Department of Agriculture (USDA) back mortgage programs that are often an option ...

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