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2. No-doc mortgage: What is it and can you still get one? - AOL

   www.aol.com/finance/no-doc-mortgage-still-one...

   Cons. Few lenders offer these loans in 2024. You’ll need a good credit score and lots of liquid assets to qualify. No-doc mortgage loans usually come with higher interest rates.

3. No income, no asset - Wikipedia

   en.wikipedia.org/wiki/No_Income,_No_Asset

   It was a play on NINA, which in turn is based on the notation scheme for the level of documentation the mortgage originator required. It was described as a no income, no job, [and] no assets loan because the only thing an applicant had to show was his/her credit rating, which was presumed to reflect willingness and ability to pay.

4. Guide to no-down payment mortgages: Am I eligible? - AOL

   www.aol.com/finance/no-down-payment-mortgage...

   United Wholesale Mortgage, for example, offers lower- to moderate-income borrowers conventional mortgages paired with a no-interest, payment-deferred loan that covers a 3 percent down payment on ...

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

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

   Conventional 97 mortgage: This conventional loan, backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, requires just 3 percent down and a minimum credit score of 620.

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

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

   A homebuyer grant is a type of down payment assistance that provides a one-time cash sum, often in the form of a no-interest second mortgage. The funds don’t have to be repaid. The funds don’t ...

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

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

   This government-backed loan program is a popular choice for first-time borrowers because you don’t need a big down payment or high credit score to qualify. Plus, you can receive up to 6% in ...

8. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...

9. Good Neighbor Next Door program: What it is and how to apply

   www.aol.com/finance/good-neighbor-next-door...

   The Good Neighbor Next Door Program offers qualifying buyers a chance to purchase a HUD-owned property for half off the list price and a down payment as low as $100. ... The credit requirements ...