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Which of these loan options is strongly recommended for first-time buyers? Choose all that apply.

User Jmenezes
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2 Answers

4 votes

Answer:

Fixed rate

Step-by-step explanation:

First time home buyer should go to fixed rate then you have fix payment and you can pay off the house after how many of the loan.

All other answers for investor

User Hyndrix
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5.5k points
6 votes

Answer:

Refer below for the explanation.

Step-by-step explanation:

FHA loan: The go-to advance program for purchasers with more vulnerable credit.

VA loan: No up front installment advances for borrowers with a military association.

USDA loan: 100% financing on provincial properties.

Fannie and Freddie: Conventional credits with only 3% down.

State first-time home buyer program: Assistance explicitly for occupants.

Home renovation loan: Buy a home and rebuild it with one advance.

Good Neighbor Next Door: Home value limits for people on call and instructors.

Dollar Homes: Foreclosed homes available to be purchased by the legislature.

User Jay Bosamiya
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