PTI | August 21, 2019, 06:57 IST MUMBAI: Resolving the crippled mortgage lender DHFL’s over Rs 90,000 crore debt is "not so easy" and banks are considering converting their outstanding into equity,
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Credit Score For First Time Home Buyer This is important for first-time buyers who often have little cash for a down payment. Most conventional mortgage loans require down payments of at least 5 percent. The FHA low down payment has a catch, though. You’ll need a credit score of at least 580 to qualify for that 3.5 percent down payment.
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These types of loans include fha loans, VA loans and USDA loans. Knowing which type of mortgage is best for you can help when you calculate how much house you can afford because it will give an idea of how much interest you might pay, how long of a loan term you’ll have and how much of a down payment you’ll need.