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2. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   Beyond the Fannie Mae and Freddie Mac mortgage programs featuring 3 percent down payments, there are other types of mortgages that allow prospective home buyers to access homeownership with a low ...

3. Conforming loans: What they are and how they work - AOL

   www.aol.com/finance/conforming-loans-203505330.html

   You can avoid mortgage insurance: If you put at least 20 percent down on a conventional conforming loan, you won’t need to pay for private mortgage insurance. Even if you don’t put 20 percent ...

4. Down payment assistance: How it works and how to get it - AOL

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

   When you buy a home with a mortgage, that mortgage is the first or primary lien on the property. A second mortgage is an additional lien tied to your home. In the case of down payment assistance ...

5. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   Other guidelines include borrower's loan-to-value ratio (i.e. the size of down payment), debt-to-income ratio, credit score and history, documentation requirements, etc. [3] In general, any loan that does not meet guidelines is a non-conforming loan.

6. Average down payment on a house - AOL

   www.aol.com/finance/average-down-payment-house...

   Many mortgages require borrowers to put down as little as 3 or 3.5 percent, and some loans don’t have minimums at all. Here’s an overview of the numbers for down payments. $60,202

7. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   "Over the past decade Fannie Mae and Freddie Mac have reduced required down payments on loans that they purchase in the secondary market. Those requirements have declined from 10% to 5% to 3% and in the past few months Fannie Mae announced that it would follow Freddie Mac's recent move into the 0% down payment mortgage market." [153]

8. Mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_insurance

   Borrower paid private mortgage insurance, or BPMI, is the most common type of PMI in today's mortgage lending marketplace. BPMI allows borrowers to obtain a mortgage without having to provide 20% down payment, by covering the lender for the added risk of a high loan-to-value (LTV) mortgage.

9. Best mortgage lenders of November 2024 - AOL

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

   Conventional loans require private mortgage insurance when you have a down payment less than 20%. For example, if you purchase a $300,000 home, your down payment should be at least $60,000 to ...