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  2. Best lenders for low- and no-down payment mortgages in 2024 - AOL

    www.aol.com/finance/best-low-no-down-payment...

    Availability: All U.S. states Loans offered: Conventional, jumbo, FHA, VA Credit requirements: 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans Down payment minimum: 3% for ...

  3. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    A no-down payment mortgage is a home loan that allows you to finance 100 percent of the home’s purchase price without having to put any money down at closing. Zero-down mortgages can be ...

  4. What is a subprime mortgage? - AOL

    www.aol.com/finance/subprime-mortgage-175324178.html

    Subprime mortgages — also known as non-prime mortgages — are for borrowers with lower credit scores, typically below 600, that prevent them from being approved for conventional loans.

  5. Category:Subprime mortgage lenders - Wikipedia

    en.wikipedia.org/wiki/Category:Subprime_mortgage...

    This page was last edited on 27 December 2015, at 22:36 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.

  6. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  7. Subprime crisis background information - Wikipedia

    en.wikipedia.org/wiki/Subprime_crisis_background...

    The value of U.S. subprime mortgages was estimated at $1.3 trillion as of March 2007, [18] with over 7.5 million first-lien subprime mortgages outstanding. [19] Approximately 16% of subprime loans with adjustable rate mortgages (ARM) were 90-days delinquent or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005. [20]

  8. Best mortgage lenders for first-time homebuyers in 2024 - AOL

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

    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 ...

  9. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    No doc loans were popular in the early 2000s, but were largely phased out following the subprime mortgage crisis. Low-doc loans carry a higher interest rate and were theoretically available only to borrowers with excellent credit and additional income that may be hard to document (e.g. self-employment income).

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