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How to compare lenders as a first-time homebuyer. When comparing mortgage lenders as a first-time buyer, you will want to consider several factors. Loan products may look similar on the surface ...
There are many different kinds of first-time buyer programs, including 3 percent down conventional loans, 3.5 percent down FHA loans and no-down payment loans for eligible military members or ...
Studies show that borrowers who compare the details of at least three lenders’ offers save a considerable amount over those who just go with the first institution they come across.
Common mistakes for first-time homebuyers 1. Looking for a home before applying for a mortgage. When you’re buying your first house, it’s common to start viewing homes before ever getting in ...
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 ...
A first-time homebuyer is someone who has either never owned a home or who has not owned a home in the last three years. First-time homebuyer programs offer mortgages with low down payment ...
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