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Shelling out big bucks for your first home, along with shopping for a mortgage, might seem daunting.Luckily, though, there are numerous first-time homebuyer programs and grants that can help you.
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Special loan programs | Consumer Financial Protection Bureau – Not all home loans are the same. Use our guide to understand how your loan choice affects your monthly payment, your overall costs, and the level of risk.. For people who qualify, special loan programs can be more affordable than a conventional or FHA loan, We’re the Consumer Financial Protection Bureau (CFPB), a U.S. government agency.
Mortgages | USAGov – Reverse Mortgages. A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home. You only repay the loan when you die, sell your home, or permanently move away. Homeowners who are at least 62 years old are eligible.