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  2. 16 first-time homebuyer mistakes to avoid - AOL

    www.aol.com/finance/16-first-time-homebuyer...

    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 ...

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

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

    FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...

  4. Housing market still a struggle for first-time buyers - AOL

    www.aol.com/finance/housing-market-still...

    Age of typical home seller: 60. Age of typical first-time buyer: 35. Age of typical repeat buyer: 58. Number of years sellers typically lived in house before selling: 10

  5. Straw borrower - Wikipedia

    en.wikipedia.org/wiki/Straw_borrower

    A straw borrower is a United States term for an individual whose name, social security number, and credit history are used to hide the identity of the organizers of a for-profit mortgage fraud scheme. Straw buyers are also used in order to obtain a residential mortgage for a person who would not qualify for the loan, frequently a family member ...

  6. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    Subprime borrowers have credit ratings that might include: limited or no debt experience; limited or no possession of property assets that could be used as security (for the lender to sell in case of default); excessive debt; the known income of the individual or family is unlikely to be enough to pay living expenses, plus interest and repayment;

  7. First-time home buyer grant - Wikipedia

    en.wikipedia.org/wiki/First-time_home_buyer_grant

    The re-shaped First Home Owner Construction Grant kicked in on 12 September 2012 for properties valued up to $750,000 in Queensland. The changes:$15,000 for first home buyers of new and off-the-plan properties applies from 12 September 2012 in Qld. QLD $7000 grant for first home buyers of existing properties to be scrapped from 12 October 2012.

  8. What is the first-time homebuyer tax credit? - AOL

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

    The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010. A first-time homebuyer tax credit offers a direct reduction ...

  9. The truth about no-appraisal home equity loans: What ... - AOL

    www.aol.com/finance/what-is-a-no-appraisal-home...

    Qualifying for a home equity loan typically requires a minimum of 15% to 20% equity in your home after first and second mortgages are accounted for, a credit score of at least 620 (although higher ...

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