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2. First-Time Homebuyer’s Guide to Mortgage Loans, Programs and ...

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

   An FHA mortgage is a mortgage loan insured by the Federal Housing Administration. This government-backed loan program is a popular choice for first-time borrowers because you don’t need a big ...

3. Best mortgage lenders of November 2024 - AOL

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

   The lender offers up to $8,000 in down payment assistance, which can be used for closing costs and combined with other loan programs. ... FHA loan: An FHA home loan is a type of mortgage backed by ...

4. FHA vs. VA loans: What’s the difference? - AOL

   www.aol.com/finance/fha-vs-va-loans-difference...

   Mortgage rates for FHA vs. VA loans. Both loan programs can sometimes offer appealing rates. As of Nov. 27, 2023, the average 30-year FHA APR was 7.67 percent, ...

5. Fannie Mae - Wikipedia

   en.wikipedia.org/wiki/Fannie_Mae

   In 1970, the federal government authorized Fannie Mae to purchase conventional loans, i.e. those not insured by the FHA, VA, or FmHA, and created the Federal Home Loan Mortgage Corporation (FHLMC), colloquially known as Freddie Mac, to compete with Fannie Mae and thus facilitate a more robust and efficient secondary mortgage market. [16]

6. USDA home loan - Wikipedia

   en.wikipedia.org/wiki/USDA_home_loan

   USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested. Each county has a maximum Income Requirement. The USDA Home Loan Program does allow for considerations for expenses like Child Care. [8]

7. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   Conforming loans above 80% are allowed but typically require private mortgage insurance. [1] Other over-80% LTV loan options exist as well. The Federal Housing Administration (FHA) insures purchase loans to 96.5% and the United States Department of Veterans Affairs and United States Department of Agriculture guarantee purchase loans to 100%. [2]

8. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Myth #2: You can access 100% of your home’s equity with a home equity loan or a HELOC. Unfortunately, very few lenders will finance a loan for 100% of your home equity.

9. VA loan - Wikipedia

   en.wikipedia.org/wiki/VA_loan

   A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...