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

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

   Types of first-time homebuyer programs. Low-down payment conventional loans: Conventional loan programs that require just 3 percent down. Down payment assistance (DPA) programs: Loans, grants and ...

3. Guide to first-time homebuyer grants - AOL

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

   A first-time homebuyer grant can help you cover a down payment and closing costs. You don’t have to repay the grant funds. A grant might come from a bank or mortgage lender, a non-profit or ...

4. First-time homebuyer guide - AOL

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

   That’s how it’s often defined by a variety of first-time homebuyer grants and loan programs. ... FHA loans, meanwhile, require a minimum of 3.5 percent down. ... What are good questions to ask ...

5. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

6. First-time home buyer grant - Wikipedia

   en.wikipedia.org/wiki/First-time_home_buyer_grant

   A first-time home buyer grant (or first home owners grant) is a grant specifically for/targeted at those buying their first home – perhaps a starter home . Like other grants, the first-time buyer does not hold an obligation to repay the grant. In this respect, it differs from a loan and does not incur debt or interest.

7. First-Time Homebuyer Assistance Programs & Grants in the ...

   www.aol.com/first-time-homebuyer-assistance...

   Sales in Michigan are up about 1% year over year as of January 2024 and home prices are up 9.2% this past year. But despite that last stat, there’s good news for first-time homebuyers: The ...