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It doesn’t always take 20% down. Traditionally, lenders have preferred 20% down, but a lot of low down payment options are available, especially to first-time buyers. Mortgages guaranteed by the Federal Housing Administration, Department of Veterans Affairs or Department of Agriculture can be go-to low down payment loans.
The thought of buying a home can be overwhelming for anyone, particularly for first-time buyers. Navy Federal Credit Union’s staff of trained mortgage professionals is here every step of the way to guide you through the process. Our special offers, low rates and no-money-down mortgages can get you in your first home for less. What You’ll Get
8 tips on mortgages for first-time home buyers, according to an expert – Buying a home might be the most important financial transaction you’ll make in your life. If you’re looking to become a homeowner, you’ll likely be considering a mortgage. first-time home buyer,".