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2. From grants to low-interest loans, this state-by-state guide ...

   www.aol.com/grants-low-interest-loans-state...

   USDA loans: If you're purchasing a house in a rural area and meet certain income criteria, a USDA loan offers 100% financing and very low interest rates. Conventional 97 loans: These loans allow ...

3. How to buy a house with low income - AOL

   www.aol.com/finance/buy-house-low-income...

   A mortgage credit certificate (MCC) is a federal tax credit that can help low- and moderate-income or first-time buyers offset some of the money they owe in mortgage interest. Unlike a tax ...

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

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

   Low-down payment conventional loans: Conventional loan programs that require just 3 percent down Down payment assistance (DPA) programs: Loans, grants and matching programs to help you with your ...

5. Loan-to-value ratio - Wikipedia

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

   The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.. In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.

6. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   For example, if you earn a gross income of $6,000 per month, your mortgage payment should be no more than $1,680 (28 percent of $6,000), and your total debt payments (including the mortgage ...

7. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume the homeowner owes $120,000 on the mortgage. In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance.