First-time homebuyer

First-time homebuyers: You’re closer to a down payment than you think

For many first-time buyers, saving for a down payment is the most difficult step in the home-buying process. However, it's a common misconception that you always need 20 percent down to buy a home. Here's the lowdown on the most popular low-down alternative payment options: FHA Loan – Traditionally the mortgage of choice for first-time buyers, the Federal Housing Administration...

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