How much money do I need to put down as a first-time home buyer?

Answer Conventional loans usually require a downpayment of 10 percent to 20 percent of the purchase price of the home. For Federal Housing Administration (FHA) loans, which are loans backed by the U.S. De... Read More »

Top Q&A For: How much money do I need to put down as a first...

First Time Homebuyer HUD Guidelines?

In the United States, the Department of Housing and Urban Development (HUD) recognizes that not everyone can afford to purchase a home without assistance. Therefore, HUD offers grants for first-tim... Read More »

How does the first-time homebuyer tax credit work?

There are several advantages to becoming a homeowner. In addition to taking advantage of low interest rates, first-time home buyers may also get a substantial tax credit for their purchase.FactsUnd... Read More »

How to Apply for an FHA First-Time Homebuyer's Loan?

If you are a first-time homebuyer looking for a home loan, you can apply for an FHA loan backed by the U.S. Department of Housing and Urban Development. HUD does not make loans directly, but instea... Read More »

Can a Wife Qualify Alone as a First-Time Homebuyer?

Qualifying as first-time home buyer means you have not been listed as an owner or joint owner on any previous residence secured by a mortgage. Other qualifications exist as well, including meeting ... Read More »