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  2. Homebuyer education courses: What are they and should you ...

    www.aol.com/finance/homebuyer-education-courses...

    Lenders and state homebuyer assistance programs require first-time homeowners to take an education course. Costs for these classes range from free to $125, with some lenders crediting what you ...

  3. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

    www.aol.com/finance/first-time-homebuyer-guide...

    Fannie Mae standard home loans also let you purchase with just 3% down as long as at least one borrower is a first-time homebuyer. Standard loans have no income limits. Down payment required: 3% ...

  4. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    Types of first-time homebuyer programs. Low-down payment conventional loans: Conventional loan programs that require just 3 percent down. Down payment assistance (DPA) programs: Loans, grants and ...

  5. Mortgage Credit Certificate - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Credit_Certificate

    The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...

  6. Guide to first-time homebuyer grants - AOL

    www.aol.com/finance/first-time-homebuyer-grants...

    New York-based ESL Federal Credit Union has a matching program for Black and Latino first-time homebuyers that can provide up to $10,500 of grant money. Tri Counties Bank in California offers four ...

  7. First-time homebuyer qualifications - AOL

    www.aol.com/finance/first-time-homebuyer...

    The three-year requirement isn’t the only criteria you’ll need to meet to qualify for a first-time homebuyer program. The other requirements typically include: At least a 620 credit score ...

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