Are you a first-time home buyer eager to step into the realm of homeownership but daunted by the substantial down payment requirements? We’ve got fantastic news for you! The real estate landscape is evolving, and with it comes innovative solutions to make your homeownership dreams a reality. Enter the remarkable 1% Down Conventional Loan –…

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1. Conventional loans A conventional loan is any mortgage that’s not backed by the federal government. Conventional loans have higher minimum credit score requirements than other loan types — typically 620 — and are harder to qualify for than government-backed mortgages. Borrowers who make less than a 20% down payment are typically required to pay private mortgage insurance (PMI)…

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