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  2. HomeReady mortgage guide - AOL

    www.aol.com/finance/homeready-mortgage-guide...

    The main draw of a HomeReady loan is its low down payment requirement: just 3 percent of the home’s purchase price. That down payment can come from a variety of sources, such as gifts from ...

  3. Mortgage and refinance rates for Jan. 3, 2025: Average rates ...

    www.aol.com/mortgage-and-refinance-rates-for-jan...

    Rates on a 15-year mortgage stand at an average 6.28% for purchase and 6.34% for refinance, down 7 basis points from 6.35% for purchase and 1 basis point from 6.35% for refinance over the past week.

  4. How much is a down payment on a house? - AOL

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

    Loan Type. Down Payment Minimum. Conventional conforming loan. 3 percent. Jumbo loans. 10 percent. FHA loan. 3.5 percent. VA loan. Zero percent. USDA loan. Zero percent

  5. Do you need a down payment to refinance your mortgage? - AOL

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

    Even though you don’t need a down payment to refinance, you do have to pay for it. Refinancing comes with closing costs. The average refinance closing costs total around $5,000 , according to ...

  6. How to buy a house in 2024 - AOL

    www.aol.com/finance/buy-house-2024-232506531.html

    3. Save for a down payment. To avoid having to pay private mortgage insurance, or PMI, you’ll need to put down at least 20 percent of the home’s purchase price for a down payment. Some lenders ...

  7. How to get a mortgage - AOL

    www.aol.com/finance/mortgage-180956822.html

    The minimum down payment ranges from 3 to 3.5 percent of the home’s purchase price for fixed-rate conventional loans and FHA loans, respectively. On a $400,000 home, for example, that range ...

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