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· If you want to buy a house but don’t have a lot of money for a down payment, don’t lose heart. Your dream of homeownership is still attainable. Homebuyers who can’t come up.
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· Piggyback loans may be hard to come by these days, but there are other options for homeowners who want to avoid PMI without putting 20% down on a mortgage.
Financing up to 100% is available on 10-, 15-, and 30-year fixed mortgage loans, with no private mortgage insurance requirement. Home buyers have the option to select which repayment term best suits their long-term financing needs at the time of application.
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fha refinance calculator with pmi An FHA loan is a government-backed conforming loan insured by the federal housing administration. fha loans have lower credit and down payment requirements for qualified homebuyers. For instance, the minimum required down payment for an FHA loan is only 3.5%. The FHA mortgage calculator includes additional costs, including upfront monthly.
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