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  2. 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 ...

  3. FHA loans: Definition, requirements and limits - AOL

    www.aol.com/finance/fha-loans-134807555.html

    FHA loans have a low minimum credit score and down payment requirement, which makes them especially popular with first-time homebuyers. You can get an FHA loan with a credit score as low as 580 if ...

  4. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

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

    An FHA mortgage is a mortgage loan insured by the Federal Housing Administration. This government-backed loan program is a popular choice for first-time borrowers because you don’t need a big ...

  5. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    The basic FHA mortgage insurance program is Mortgage Insurance for One-to-Four-Family Homes (Section 203(b)). [24] FHA allows first time homebuyers to put down as little as 3.5% and receive up to 6% towards closing costs. However, some lenders won't allow a seller to contribute more than 3% toward allowable closing costs.

  6. First-time homebuyer guide - AOL

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

    Just under half (49%) of Bankrate users are first-time homeowners. Source: Bankrate and 2023 Annual Data ... That said, you can still get a loan with a score as low as 500 (for an FHA loan) or 620 ...

  7. How to compare lenders for first-time homebuyers - AOL

    www.aol.com/finance/compare-lenders-first-time...

    For first-time homeowners, lenders can often approve a loan with as little as 3 percent down. If you’re looking to buy without depleting your savings, look closely at the down payment ...

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