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  2. USDA loans: What are they and am I eligible? - AOL

    www.aol.com/finance/usda-loans-am-eligible...

    USDA loan FAQ. USDA loans do not require PMI, as PMI is only for borrowers of conventional loans who put down less than 20 percent.Instead of charging mortgage insurance, USDA loans charge two ...

  3. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    A USDA home loan is different from a traditional mortgage offered in the United States in several ways. USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested.

  4. Section 504 loans and grants - Wikipedia

    en.wikipedia.org/wiki/Section_504_loans_and_grants

    Section 504 loans and grants. Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are ...

  5. Mortgage Assumption vs. Refinancing After a Divorce - AOL

    www.aol.com/mortgage-assumption-vs-refinancing...

    FHA, VA and USDA loans, on the other hand, often allow assumptions. Credit impact: Refinancing involves a hard credit inquiry, which can impact your credit score. Mortgage assumption typically ...

  6. Mortgage assumption - Wikipedia

    en.wikipedia.org/wiki/Mortgage_assumption

    Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. [ 1] All mortgages are potentially assumable, though lenders may attempt to prevent the assumption of a mortgage loan with a ...

  7. The best home loan: how to shop for and compare ... - AOL

    www.aol.com/finance/best-home-loan-shop-compare...

    The loan estimate is an official three-page document that lists several key numbers associated with your loan, including: Loan amount. Quoted interest rate. Closing costs. Prepaid interest. Third ...

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