Q: I have been trying to save the 20% down payment to buy a house for a long time. Are there any programs that can help me get my first home? Shamise, Union, NJ A: The typical home buyer spends over 6 years saving money for a down payment to buy a house. There are literally dozens of first-time home buyer grants and programs designed to assist 1st time home buyers that are sponsored and backed by both governments as well as public and private banks. Here are 3 kinds of first-time home buyer assistance programs: Low-down payment mortgages that require a down payment of 5 percent or less Mortgages that don’t require a down payment at all Mortgage loans […]
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