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Each state has different limits, so be sure to look up your state to understand what is available for your FHA home loan. Down Payment Grants for FHA Loans. Paying the upfront costs of buying a new home can be challenging.
To help overcome this hurdle, many local and state agencies offer down payment assistance in the form of grants or second mortgages. Homebuyer Terminology. If youre getting ready to shop around for mortgage options, its a good idea to brush up on some of the technical terms in our Mortgage Glossary. Youre going to be hearing a lot of them.
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