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2. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   You can get approved for a conventional loan with a down payment as low as 3 percent, and a minimum credit score of 620. ... DSCR loans: If you’re a real estate investor, you might qualify for a ...

3. Debt-service coverage ratio: What is it and how do you ... - AOL

   www.aol.com/finance/debt-coverage-ratio...

   Key takeaways. Debt-service coverage ratio (DSCR) looks at a company's cash flow versus its debts. The ratio is used when gauging a business's ability to pay off current loans and take on future ...

4. Debt service coverage ratio - Wikipedia

   en.wikipedia.org/wiki/Debt_service_coverage_ratio

   A DSCR below 1.0 indicates that there is not enough cash flow to cover loan payments. In certain industries where non-recourse project finance is used, a Debt Service Reserve Account (DSRA) is commonly used to ensure that loan repayment can be met even in periods with DSCR<1.0 [ 2 ]

5. What is down payment assistance and how do you get it? - AOL

   www.aol.com/finance/down-payment-assistance...

   Depending on the program, the assistance you qualify for could include loans (sometimes forgivable) or grants to cover some or all of your down payment and closing costs. This assistance is ...

6. Down payment - Wikipedia

   en.wikipedia.org/wiki/Down_payment

   Most state finance housing agencies offer down payment assistance. Down Payment Assistance programs are all different with certain requirements for each. State or local housing authorities, a non-profit organization, or lender usually set the requirements and conditions for the DPA program. Some programs require you or your loan officer to take ...

7. American Dream Downpayment Assistance Act - Wikipedia

   en.wikipedia.org/wiki/American_Dream_Downpayment...

   On December 16, 2003, President George W. Bush signed into law the American Dream Downpayment Initiative (Pub. L. 108–186 (text)), which was aimed at helping approximately "40,000 families a year" with their down payment and closing costs, and further strengthen America’s housing market.

8. What a Down Payment Aid Could Mean For First-Time ... - AOL

   www.aol.com/down-payment-aid-could-mean...

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9. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   In a press conference Tuesday, Federal Housing Finance Agency director James Lockhart said the program would target high-risk borrowers — those 90 or more days delinquent on their mortgages — and employ various modification strategies to get borrowers down to an “affordable” mortgage payment, defined as 38 percent of a household's ...