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  2. 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

  3. Good Neighbor Next Door program: What it is and how to apply

    www.aol.com/finance/good-neighbor-next-door...

    You can find a HUD-registered broker in your area through HUD online. 3. Start looking for a home. Eligible homes are listed online through HUD each week. You can search by state, county, city and ...

  4. 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 ...

  5. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    By the fiscal year ending in September 2008, the annual volume of HECM loans topped 112,000 representing a 1,300% increase in six years. For the fiscal year ending September 2011, loan volume had contracted in the wake of the financial crisis, but remained at over 73,000 loans that were originated and insured through the HECM program. [48]

  6. Rental Assistance Demonstration - Wikipedia

    en.wikipedia.org/wiki/Rental_Assistance...

    Even though the program operates through a HAP contract, HUD practices and the renewal terms dictated by Congress disfavor private capital investment in Mod. Rehab.–assisted properties: Long-term assistance contract. For a number of reasons, HUD has adopted the practice of renewing Mod. Rehab. contracts for only one year at a time. [21]

  7. Section 504 loans and grants - Wikipedia

    en.wikipedia.org/wiki/Section_504_loans_and_grants

    Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. 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 ...

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