Current Events > What is that loan or whatever called that lets anyone buy a house with low $$?

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BigB0ss13
10/17/21 3:38:40 AM
#1:


I remember reading that pretty much anyone can buy a house with this special type of loan and you don't need to put much upfront money on it
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Pepys Monster
10/17/21 3:40:03 AM
#2:


A mortgage

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berlyman101
10/17/21 3:40:48 AM
#3:


subprime mortgage? that kind of tanked our economy in 08

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radical rhino
10/17/21 3:47:03 AM
#4:


You can get a loan with PMI where you pay extra insurance in exchange for a <20% down payment. Or you can get an FHA loan with a low down payment if youre poor. Or possibly a USDA or VA loan with no down payment at all.

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BigB0ss13
10/17/21 11:47:42 PM
#5:


radical rhino posted...
You can get a loan with PMI where you pay extra insurance in exchange for a <20% down payment. Or you can get an FHA loan with a low down payment if youre poor. Or possibly a USDA or VA loan with no down payment at all.


Yeah I think I remember seeing FHA loan was mentioned a while back which made me make this topic asking what it was cause I had forgot. I'm sure with that type of loan or other type of similar loans that can let anyone buy a home, there's probably some type of catch otherwise everyone would be home owners.
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