-
Government-Backed Loans:
- FHA Loans: Guaranteed by the Federal Housing Administration, these loans require a low down payment of 3.5% and are ideal for borrowers with lower credit scores.
- VA Loans: Reserved for eligible veterans and active-duty military members, VA loans offer no down payment and competitive interest rates.
- USDA Loans: Designed for low-to-moderate income earners in rural areas, USDA loans provide no down payment and low interest rates.
-
Down Payment Assistance Programs:
- Various programs offer grants or low-interest loans to assist with down payment costs. Eligibility is based on income, location, and other factors.
Improving Your Credit Score:
Views: 1
