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

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

    Forgivable loans: A second mortgage you won’t have to pay back so long as you stay in the home for a certain amount of time (the exact period depends on the program) and stay up-to-date with ...

  3. Types of first-time home buyer programs - AOL

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

    Maryland Mortgage Program. Offers a loan for down payment and closing costs with your home loan. Michigan State Housing Development Authority. Offers DPA loans, federal tax credits, classes and ...

  4. First-Time Homebuyer’s Guide to Mortgage Loans, Programs and ...

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

    Texas: The My First Texas Home program is a low-interest 30-year loan with up to 5% interest-free down payment assistance. The program allows borrowers to work through this program to obtain an ...

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

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

    Lender. Credit requirements. Down payment minimum. Bankrate Score. PenFed Credit Union. 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans

  6. HFA loans: Everything you need to know - AOL

    www.aol.com/finance/hfa-loans-everything-know...

    Yes, but like with other conventional loans, private mortgage insurance (PMI) is cancellable once you have built up 20 percent equity in your home. Mortgage insurance premiums (MIP) required; may ...

  7. HOME Investment Partnerships Program - Wikipedia

    en.wikipedia.org/wiki/HOME_Investment...

    Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...

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