Category: Downpayment
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Low-Income Loans & Where to Get One
Dreaming of owning a home, but your income feels like a barrier? Low-income loans might just be the resource you need. This article shines a light on these specialized loans, guiding you through their benefits and how to snag one for yourself. Keep reading — getting these loans may be simpler than you think! Key…
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How Much Is the First-Time Homebuyer Down Payment?
Stepping into the world of homeownership can be thrilling. But it can also be a tad overwhelming — especially when figuring out the initial cash you’ll need. Typically, a first-time homebuyer down payment hovers around 6% of the new home’s purchase price. This blog walks you through the ins and outs of down payments, offering…
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How to Buy a House with No Money: 7 Tips
If you’re wondering how to buy a house with no money, you’ve come to the right place. While it’s certainly easier to begin your journey as a first-time homebuyer when you have wads of cash on hand, a low bank account balance won’t necessarily prevent you from achieving your homeownership dreams. If you’re looking to…
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FHA Loan Down Payment and Closing Costs
Buying a home for the first time is one of the biggest decisions you’ll ever make — which is why it’s so important to learn about FHA loan down payment and closing costs. After all, becoming a homeowner is a massive investment, and the journey to homeownership includes all kinds of twists and turns —…
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10 Tips for First-Time Homebuyers in New Jersey
Are you thinking about becoming a first-time homebuyer in New Jersey? Purchasing your first home is an exciting milestone for anyone, and if you’re considering making New Jersey your home — the state that gave us Bruce Springsteen, Jack Nicholson, and Frank Sinatra — it’s even better. Even so, buying a house for the first…
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FHA Loan Requirements Florida: Everything You Need to Know
Are you a Florida resident thinking about buying a home? An FHA loan may be just the financial vehicle you need. Homeownership is synonymous with the American Dream. In fact, three-quarters of Americans say that owning a home is a bigger sign of prosperity than starting a family, having a great career, or graduating from…
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FHA Loan Requirements PA: Mistakes to Avoid
If you’re thinking about buying a home in Pennsylvania but are worried that you may be unable to secure a conventional mortgage, an FHA loan may be just what you need to land your dream property. Since buying a home is one of the biggest decisions you will ever make, it’s important to do your…
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PMI Guide: Your Guide to Private Mortgage Insurance
What is Private Mortgage Insurance (PMI)? Conventional wisdom says paying less for something like a car or computer upfront is better. But when it comes to real estate and homeownership, this doesn’t always apply. In some cases, paying more upfront can lead to substantial long-term savings. While it may seem counterintuitive to part with a…
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How Much to Save for a Down Payment
Your down payment is one of the most important things to consider when buying a home. But figuring out how much you should save can be a challenge, especially if you’re pursuing homeownership for the first time. How much you should save for a down payment depends on a variety of factors, including the type…
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Homeownership Assistance Programs to Know About
As a homebuyer, chances are you have a lot on your plate. Maybe you’re worried about how you’re going to save for a down payment. Or perhaps you feel like your income is too low to be able to cover mortgage payments, homeowner’s insurance, and property taxes on your dream home. You might not have…