There are several types of low down payment mortgages available, each with its own unique features and requirements:
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FHA loans: Backed by the Federal Housing Administration, FHA loans allow for down payments as low as 3.5%. They are a popular option for first-time homebuyers and those with lower credit scores.
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VA loans: Available to active-duty military members, veterans, and eligible surviving spouses, VA loans offer 100% financing, meaning no down payment is required.
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