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2. What is the average down payment for first-time homebuyers? - AOL

   www.aol.com/finance/average-down-payment-first...

   The typical down payment for a first-time homebuyer was 8 percent in 2023, according to the National Association of Realtors (NAR). For a $400,000 home, an 8 percent down payment totals $32,000 ...

3. 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 ...

4. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   So if you’re considering getting a home-related loan in retirement, it’s important to carefully assess your financials. ... FHA loans: 580 with 3.5% down payment, 500 with 10% down payment ...

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

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

   Down payment assistance (DPA) programs provide homebuyers with loans or grants to help cover the down payment and closing costs. These programs are typically reserved for first-time homebuyers or ...

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. 16 first-time homebuyer mistakes to avoid - AOL

   www.aol.com/finance/16-first-time-homebuyer...

   10. Draining your savings. Spending all or most of your savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes, says Ed Conarchy, a mortgage planner and ...

8. Down payment - Wikipedia

   en.wikipedia.org/wiki/Down_payment

   Down payment. Down payment (also called a deposit in British English), is an initial up-front partial payment for the purchase of expensive items/services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment.

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

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

   Fannie Mae Standard. Fannie Mae standard home loans also let you purchase with just 3% down as long as at least one borrower is a first-time homebuyer. Standard loans have no income limits. Down ...